The Globe and Mail reports in its Wednesday, Aug. 6, edition that Stifel analyst Daryl Young has reaffirmed his "buy" recommendation for NFI Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Young boosted his share target by a loonie to $23. Analysts on average target the shares at $23.67. Mr. Young says in a note: "Q2/25 was somewhat of a kitchen sink quarter with a myriad of one-time charges related to ADL and the balance sheet restructuring, and FCF was negative (net debt increased). However, we think management has now largely cleared the decks and we are encouraged by commentary on the operating front, with the supply chain effectively back to pre-COVID performance and seat supply is improving. We think this positions for a recovery to full production in 2026. To be clear, we fully expect hiccups as NFI ramps over the next few quarters (ramping-up and down always comes with margin pressures and supplier challenges) and we do still see some risk to guidance (its heavily Q4 weighted) but the ball seems to be mostly back in NFI's court to execute. Tariff's could throw some curveballs but with $327-million of liquidity, management is confident it can navigate."
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