NFI Group Inc. (NFI:CA)
Analyst Update
Scotiabank recenty upgraded its rating on NFI Group to Outperform and increased the 12-month target price to $22.00 from $16.00. The revision reflects the bank’s confidence in the company’s improving manufacturing execution, which has become more consistent and efficient, as well as enhanced backlog visibility that supports stronger revenue predictability. Analysts noted that NFI’s operational improvements, coupled with a robust order book and potential growth in electric and sustainable transit solutions, position the company well for near- to mid-term performance. The upgrade signals optimism about the firm’s ability to capture market opportunities, mitigate operational risks, and maintain momentum in a competitive transportation manufacturing sector.
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