NFI Group Inc T.NFI

Alternate Symbol(s): NFYEF | T.NFI.DB

Industrials Business Equipment

NFI Group Inc. is a Canada-based independent bus and coach manufacturer. The Company specializes in zero-emission electric mass mobility solutions. Its segments include Manufacturing Operations and Aftermarket Operations. Manufacturing Operations segment includes design, manufacture, service and support of new transit buses, motor coaches, medium-duty, cutaway buses, and installation of infrastructure for electric vehicles and fiberglass reinforced polymer components. It offers aftermarket parts for transit buses, coaches and medium duty/cutaway buses, both for the Company's and third-party products. It offers a range of sustainable drive systems, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. The Company's brands include New Flyer (heavy-duty transit buses), MCI (motor coaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motor coaches), and ARBOC (low-floor cutaway and medium-duty buses).

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NFI Group Inc

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Post by lotus1on Aug 12, 2016 4:53am

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Post# 25134416

CIBC Ups Target to $51

CIBC August 11, 2016
New Flyer Industries Inc.
*Another Solid Quarter
*Target Increases to $51
*NFI reported another solid quarter with Q2 EBITDA exceeding expectations on better bus margins.
*This is the 7th quarter in arow where NFI has exceeded expectations
*Our Price target increases to $51 and ratings remains OUTPERFORM
*We note if we use Q2 margins in 2017, it would add $20 mln to our EBITDA estimates and ibcrease our Price Target by another $3

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