The Globe and Mail reports in its Friday, May 19, edition that ATB Capital Markets analyst Chris Murray is keeping his "speculative buy" recommendation for NFI Group intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Murray shaved his share target by 1.50 to $12.50. Analysts on average target the shares at $11.25. Mr. Murray says the balance sheet "reset" by NFI "clears the way for the company to return to profitability as it meets record levels of demand for its best-in-class products." On May 10 NFI announced a "comprehensive refinancing plan to improve financial flexibility [and] strengthen its balance sheet." Mr. Murray says in a note: "As NFI Group remains in active discussions with creditors and potential new equity and debt holders, we are making a first attempt at modelling the impact on the company's capital structure. The company has disclosed that it has reached an agreement with creditors to extend the company's primary credit facility, including adding a term loan component, that it has a backstop in place for at least $150-million in new equity, and that it is seeking new subordinated debt in the $200-million to $250-million range."