Massive beat on earnings 09:52 AM EDT, 05/01/2023 (MT Newswires) -- TD Securities raised its price target on Toromont Industries Ltd. (TIH.TO) to $130 from $125.
Analyst Cherilyn Radbourne maintained a Buy rating on shares of the Canadian industrial building and construction company following its Q1 results.
"Toromont reported Q1/23 EPS of $1.12, excluding a real-estate gain, a massive beat," Radbourne said in a note to clients.
"Toromont continued its track-record of best-in-class execution this quarter, and we view the stock as offering an attractive combination of offense and defense in an uncertain macro environment," the analyst said.