The Globe and Mail reports in its Wednesday, May 20, edition that TD Cowen analyst Cherilyn Radbourne continues to rate Finning International "buy." The Globe's David Leeder writes in the Eye On Equities column that Ms. Radbourne gave her share target a $9 boost to $115. Analysts on average target the shares at $115.50. Ms. Radbourne says in a note: "The backlog is a record and includes a first mining order in Argentina. Finning is actively discussing data centre opportunities in Canada, but nothing is in backlog yet. Nation-building infrastructure plans in Canada are a latent positive as well. ... Q1/26 was a little soft but certainly not as noisy as some had anticipated, which we think contributed to the strong share price reaction. Product support was up a solid 6 per cent year-over-year, with 13-per-cent growth in Canada more than offsetting some previously telegraphed/temporary weakness in Chile. ... We believe Finning has made substantial/sustainable improvements in its earnings capacity over the cycle, and that the commodity investments required to underpin the energy transition should be conducive to a longer, more-gradual cycle vs. the boom-bust cycles of the past."
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