CIBC transferred coverage to analyst Krista Friesen, who raised the firm’s price target on Toromont Industries (TMTNF) to C$128 from C$127 and keeps a Neutral rating on the shares. The firm has “cautious optimism” for Toromont’s end markets, strong balance sheet, and its current valuation trading in line with its historical multiple.
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Read More on TMTNF:
- Toromont Industries price target lowered to C$126 from C$132 at National Bank
- Toromont Industries price target lowered to C$122 from C$132 at Raymond James
- Toromont Industries price target lowered to C$138 from C$142 at RBC Capital
- Toromont Industries price target lowered to C$132 from C$135 at National Bank
- Toromont Industries price target lowered to C$130 from C$138 at Canaccord