The Globe and Mail reports in its Tuesday, Sept. 30, edition that Scotia Capital analyst Jonathan Goldman, while acknowledging the third quarter update from NFI Group "was disappointing and certainly does not help the optics of the execution story," sees the two main issues -- delivery slippage and battery recall -- as "temporary and [having] limited impact on the trajectory of the earnings recovery in 2025/2026." The Globe's David Leeder writes that Mr. Goldman gave his share target a $1 trim to $22, matching the consensus. Mr. Goldman says in a note: "For the recall, key is we think NFI ultimately gets reimbursed by its supplier for most of the costs based on industry precedent. This is why the recent refinancing was so important as it provided ample liquidity of $370-million to navigate inevitable disruptions of a large manufacturing operation. On deliveries, key is we believe there are a number of buses that are substantially complete and just awaiting delivery. Orders can always shift around quarter to quarter, and Q4 is typically a seasonally stronger quarter due to higher coach deliveries. ... Bottom-line, we view these issues as temporal not structural and still view NFI in a positive risk-reward skew."