The Globe and Mail reports in its Thursday, July 20, edition that National Bank Financial analyst Cameron Doerksen is sticking with his "outperform" recommendation for NFI Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen's share target soared by $4 to $16. Analysts on average target the shares at $12.33. The National Bank stockpicker warns NFI Group "still needs to execute on its planned production ramp and there remain lingering risks around supply chain improvement." He believes NFI's financial results are likely to "trend much more positively later in 2023 and beyond, which will support a higher share price." Mr. Doerksen applauds NFI's increasing balance sheet flexibility. As well, he sees its competitive position "improving." Mr. Doerksen says in a note: "NFI has indicated that it expects to complete all elements of its comprehensive refinancing plan prior to the release of Q2 results on August 2nd. As we have previously noted, the refinancings and new credit agreements provide NFI sufficient cash and financial flexibility (with key covenants waived through Q2/24) to execute on the production ramp expected to begin later in 2023."