The Globe and Mail reports in its Thursday, Aug. 22, edition that Scotia Capital analyst Jonathan Goldman recommends exposure to the heavy equipment sector. The Globe's David Leeder writes that Mr. Goldman said in a research report released Wednesday that he has resumed coverage of Finning International and Wajax with a "sector outperform" recommendation, while he gave Toromont Industries a "sector perform" rating. Mr. Goldman says in a note: "In terms of positioning, we prefer the less expensive, more catalyst-visible names, that's FTT and WJX. Both are trading at an 30-per-cent discount to mid-cycle valuations. For FTT, further proof of structurally improved earnings power (via mix shift), progress on the cost optimization program, and potential working capital unlock and buybacks could lead to upside to estimates/valuation. For WJX, scheduled deliveries of large mining shovels in Q4 should reverse new equipment declines year-to-date and precipitate destocking and deleveraging." He targets Finning shares at $51. Analysts on average target Finning shares at $49.13. He targets Wajax shares at $29, matching the consensus. He targets Toromont shares at $136. Analysts on average target Toromont shares at $138.38.