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Investing.com - BMO Capital upgraded NFI Group Inc. (TSX:NFI) from Market Perform to Outperform on Thursday, while significantly raising its price target to C$23.00 from C$14.00.
The upgrade reflects BMO Capital’s expectation of an upcoming earnings inflection point for the transportation company during the second half of 2025 and into 2026, as seat supplier issues that have constrained production begin to ease.
BMO Capital noted that the resolution of these supply chain challenges should help NFI Group move closer to its historical valuation multiple range of 8-10x EV/EBITDA, compared to its current valuation of approximately 7x.
The firm’s substantial price target increase of C$9.00 represents potential upside based on anticipated improvements in NFI’s operational performance as supply constraints diminish.
NFI Group is scheduled to report its second-quarter 2025 earnings results on Thursday, July 31, after market close, which will provide further insight into the company’s progress in addressing its supply chain challenges.
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