The Globe and Mail reports in its Thursday, Jan. 18, edition that National Bank Financial analyst Cameron Doerksen has reaffirmed his "outperform" recommendation for NFI Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen boosted his share target by a loonie to $19. Analysts on average target the shares at $15.90. Mr. Doerksen says a pending bus order from New York is a "reflection of positive trends" for NFI Group. Mr. Doerksen says in a note: "We have modestly decreased our bus delivery forecast but based on pricing in backlog and the pricing trends in recent orders, have increased our unit pricing assumption for transit buses materially. ... The company needs to execute on its production ramp and there remain lingering risks around supply chain improvement, but with demand for buses continuing to be very strong and pricing in backlog improving significantly, we believe financial results will trend much more positively in 2024 and through 2025, which we believe will support further upside to the share price." The Globe reported on Oct. 18 that Mr. Doerksen was sticking with his "outperform" recommendation for NFI Group when it could be had for $14.15.