The Globe and Mail reports in its Friday, Nov. 10, edition that ATB Capital Markets analyst Chris Murray has elevated his recommendation for NFI Group to "outperform" from "speculative buy." The Globe's David Leeder writes that Mr. Murray boosted his share target by $2.50 to $17. Analysts on average target the shares at $15.69. The Globe says Mr. Murray believes NFI Group has "transitioned to a more conventional recovery story with supportive underlying fundamentals." Mr. Murray says in a note: "Profitability in manufacturing remained challenged in Q3/23 but demonstrated quarter-over-quarter improvement. Aftermarket remained a bright spot, with record levels of EBITDA offsetting some of the weakness in manufacturing. Management reiterated full-year guidance and increased the bottom end of the revenue and EBITDA range, reflecting a better-than-expected H1/23. The supply chain continues to improve and remains on track to support increased production and deliveries in Q4/23 and 2024. Improved liquidity and the revised covenant structure provide flexibility for NFI to execute its turnaround with a stabilizing supply chain and robust demand conditions, making its longer-term targets look increasingly achievable."