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Toromont Industries Ltd. (TIH:CA) TD Cowen Raises Target on Outlook

Stock Target Advisor News - Stock Target Advisor - Tue Nov 4, 2025
Toromont Industries Ltd. (TIH:CA) TD Cowen Raises Target on Outlook

Toromont Industries Ltd. (TIH:CA)

TD Cowen raised its target price on Toromont’s stocks to C$180 from C$179, reflecting confidence in the company’s consistent operational execution and diversified business model. The firm highlighted broad-based strength across Toromont’s construction, mining, and power systems segments, supported by resilient demand in infrastructure and resource projects. Analysts noted that Toromont’s backlog remains healthy, providing solid visibility into future revenue growth.

TD Cowen expects earnings headwinds from amortization related to past acquisitions to gradually diminish by 2026, leading to stronger profitability and improved cash flow generation. The TD analyst believes Toromont’s disciplined cost management, strategic capital allocation, and exposure to essential industries position it well for sustained long-term growth, justifying the upward revision in its price target.

The post Toromont Industries Ltd. (TIH:CA) TD Cowen Raises Target on Outlook appeared first on Stock Target Advisor.

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