BMO Capital Markets on Friday maintained its market-perform rating on the shares of NFI Group (NFI.TO) while trimming its price target to C$13.00 from C$14.00 following the bus manufacturer's fourth-quarter results.
"NFI's Q4/24 results (after seat-related adjustments) were modestly ahead of estimates, although its 2025 EBITDA guidance was slightly lowered. Seating supply issues persist, although the company expects a recovery in 2H/25. That said, elevated leverage and potential downside from upcoming tariffs remain concerns, leading us to maintain our Market Perform rating. Post quarter, we adjust our target to $13 ($14 prior)," analyst John Gibson wrote.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 13.69, Change: +2.58, Percent Change: +23.22
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