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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (62476)	7/18/2019 8:34:25 AM
From: Goose94	Read Replies (1) of 202783

NFI Group (NFI-T) CIBC analyst Kevin Chiang continues to rate NFI Group "outperformer." Mr. Chiang trimmed is share target to $41 from $45. Analysts on average target the shares at $50 Mr. Chiang says in a note: "We have adjusted our estimates to reflect NFI's revised outlook. With the stock down 10 per cent on the back of its second quarter delivery update, we are back to the drawing board. Our positive thesis on NFI was predicated on the company benefiting from easier comps in H2 [the second half] as it began integrating its recent acquisition of ADL [Alexander Dennis Ltd., a British bus manufacturer] and moved past a number of cost headwinds and supply disruptions. Unfortunately, a number of the issues the company has been facing over the past year will continue to bleed into H2. The question is whether our underlying thesis has been impaired. We recognize that in order for NFI's share price to benefit from a sustained upswing, the company will need to move past this negative earnings revision cycle. The outlook for transit buses remains healthy. ... NFI continues to execute on its LEAN manufacturing to generate incremental cost savings."

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