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Finning International Price Target Raised to $115 at TD

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TD Securities raised its price target on Finning International Inc. (FTT.TO) to $115 from $106 on Tuesday.

Analyst Cherilyn Radbourne maintained a Buy rating on shares of the Canadian industrial equipment dealer.

"The forward outlook for Finning continues to strengthen," Radbourne said in a note to clients. "Chile is in a bit of a pause, but copper prices are still very supportive, and Canada has taken the growth baton."

"The backlog is a record and includes a first mining order in Argentina. Finning is actively discussing data centre apps in Canada, but nothing is in backlog yet," the analyst said. "Notion-building infra plans in Canada are a latent positive as well."

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