The Globe and Mail reports in its Friday, April 25, edition that TD Cowen analyst Cherilyn Radbourne has reaffirmed her "buy" recommendation for Toromont Industries and Wajax. The Globe's David Leeder writes in the Eye On Equities column that for Toromont Industries Ms. Radbourne trimmed her share target to $143 from $150. For Wajax she gave her share target a $1 trim to $21. Analysts on average target Toromont and Wajax shares at $136.28 and $21.75. Ms. Radbourne says in a note: "Tariffs should have a limited direct impact on Finning/Toromont/Wajax. The indirect effects are uncertain, but strong backlogs and product support provide a source of ballast. Toromont is historically the most defensive of the three stocks, and we see no reason for that to change, but Finning is already trading at a trough-like multiple and may get to demonstrate its improved earnings resiliency." Ms. Radbourne continues to rate Finning "buy," with a $50 share target.
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