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RBC Capital, BMO Boost Toromont Industries Price Target

RBC Capital, BMO Boost Toromont Industries Price Target

加拿大皇家银行资本,蒙特利尔银行提振Toromont Industries目标价
Benzinga Real-time News ·  2022/04/29 16:30
  • Toromont Industries Ltd (TSX:TIH) (OTC:TMTNF) price target has been raised to C$130 from C$126 by BMO Capital analyst Devin Dodge with an Outperform rating for the shares.
  • Dodge stated that the demand backdrop remains very favorable for Toromont, and they expect activity levels in TIH's territories to gain momentum through 2022.
  • Supply chain challenges tempers near-term optimism, mentions the analyst.
  • Dodge says TIH remains a preferred idea among the heavy equipment dealers, but there is a growing risk that the ramp-up in earnings may be more weighted to 2023 (vs. 2022).
  • RBC Capital analyst Sabahat Khan also raised Toromont Industries' price target to C$129 from C$126 while reiterating the Outperform rating on the shares.
  • Given the strong demand environment (record backlog) and another successful quarter of execution amid a challenging supply backdrop, the analyst retains a positive outlook on TIH post Q1/22 results.
  • Price Action: TIH shares closed lower by 6.30% at C$113.09 on TSX, and TMTNF lower by 5.06% at $89.11 on Friday.
  • Toromont Industries Ltd.(多伦多证券交易所股票代码:TIH)(场外交易代码:TMTNF)目标价已从126加元上调至130加元蒙特利尔银行资本分析师德文·道奇(Devin Dodge)对该股的评级优于大盘。
  • 道奇表示,需求背景对Toromont仍然非常有利,他们预计TIH地区的活动水平将在2022年之前获得势头。
  • 这位分析师提到,供应链挑战冲淡了近期的乐观情绪。
  • 道奇说,TIH仍然是重型设备经销商的首选想法,但越来越大的风险是,收益的增长可能会更重到2023年(而不是2022年)。
  • 加拿大皇家银行资本分析师Sabahat Khan还将Toromont Industries的目标价从126加元上调至129加元,同时重申了该股的表现优于大盘的评级。
  • 鉴于强劲的需求环境(创纪录的积压),以及在具有挑战性的供应背景下又一个成功的季度执行,分析师对TIH在第一季度/22季度的业绩保持乐观。
  • 价格行动:TIH股价周五在多伦多证交所收盘下跌6.30%,至113.09加元,多伦多道明金融周五收盘下跌5.06%,至89.11美元。
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