The Globe and Mail reports in its Wednesday, Feb. 18, edition that Scotia Capital analyst Jonathan Goldman has reaffirmed his "sector perform" recommendation for Toromont Industries. The Globe's David Leeder writes in the Eye On Equities column that Mr. Goldman's share target soared $27 to $208. Analysts on average target the shares at $199.60. Mr. Goldman says in a note: "Hyperscaler capex is real, but at a certain point it needs to translate to end-user demand. If returns come in lower than we expected, we could see a digestion period where hyperscalers cut back on capex, which would disproportionately hurt AI infra companies that are currently gorging on elevated spending. ... Weaker than expected end-user demand could end up making this period look like channel-stuffing by AI infrastructure companies in retrospect. Moreover, capitalism has a perfect record in stamping out excess returns. Supply shortages attract new capital to the space with new players adding capacity and grabbing available profits. On its 2Q25 earnings call, Toromont management briefly mentioned this sort of normalization. The point is, we just don't know how things will play out and are happy to watch from the sidelines."