Wajax Corp. (WJX:CA) — Stifel Nicolaus maintained its Buy rating and C$45.00 price target. Wajax reported second-quarter EBIT of C$31.2 million, up 15% from C$27.1 million a year earlier, across its industrial equipment, parts and service operations. Looking ahead, investors will be watching whether industrial demand and service revenue sustain profitability, with gross margins, working capital and debt management determining how much earnings become cash flow.
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