09:20 AM EDT, 07/31/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price by CAD28 to CAD146. We maintain our 2025 EPS at CAD6.01 and raise our 2026 EPS to CAD7.12 on expectations for better operating margins. Our target price is based on an average of our EV/EBITDA multiple of 12.0x our 2026 EBITDA figure and a P/E multiple of 21.0x our 2026 EPS. The 10-year averages for both are 10.6x and 19.0x, respectively. TIH trades at a premium in these areas, which we believe to be fair due to ROIC of 17% versus 12%, a net cash position versus peers at 1.2x levered, and a change in market sentiment on trade. We are optimistic on TIH's execution in the CIMCO business and believe this will lift consolidated operating margins as the Equipment business cycle plays out. The added exposure to growing energy needs and data centers via AVL should also be well received by the markets. We believe these factors are expanding the multiple; however, Equipment still steers the ship, and Y/Y margin degradation was a weak point.