12:53 PM EDT, 08/01/2024 (MT Newswires) -- National Bank has raised its target on NFI Group ( NFYEF ) by $1, to $22, and reiterated its Outperform rating following second quarter results that were ahead of forecast.

Analyst Cameron Doerksen says the view is underpinned by various reasons, including, a strong backlog that will support bus delivery growth through 2026; material tailwinds from better pricing in backlog and a progressive shift to ZEB deliveries; and more favorable competitive conditions in the U.S. market.

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