The Globe and Mail reports in its Thursday, Feb. 5, edition that TD Cowen analyst Cherilyn Radbourne warns the short-term environment for Canadian heavy equipment dealers "remains dynamic," leading her to be "somewhat cautious" on the fourth quarter of 2025. The Globe's David Leeder writes in the Eye On Equities column that Ms. Radbourne believes the group's medium- to long-term earnings prospects are improving. Ms. Radbourne continues to rate Toromont Industries "buy." Ms. Radbourne's share target soared $15 to $195. Analysts on average target the shares at $180.50. Ms. Radbourne says in a note: "Our Q4/25 EPS estimate for Toromont is unchanged at $1.83, which is 4 per cent below consensus of $1.90. Maybe we are too conservative, but consensus could be anchored on an unusually strong Q4/24. We have increased our valuation multiple to 26.5 times vs. 25 times." The Globe reported on April 25, May 6 and Oct. 17 that Ms. Radbourne had reiterated her "buy" ranking for Toromont Industries. It was then worth $115.82, $108.77 and $156.97. The Globe reported on Nov. 4 that National Bank Financial analyst Maxim Sytchev had reaffirmed his "outperform" recommendation for Toromont Industries. It was then worth $165.91.