NFI Group (NFI) – Investment Analysts’ Weekly Ratings Changes

NFI Group (TSE: NFI) recently received a number of ratings updates from brokerages and research firms:

• 5/12/2026 – NFI Group had its price target raised by Stifel Nicolaus from C$25.50 to C$26.00. They now have a “buy” rating on the stock.
• 5/12/2026 – NFI Group had its price target raised by Canadian Imperial Bank of Commerce from C$22.00 to C$27.00.
• 5/11/2026 – NFI Group had its price target raised by National Bank Financial from C$22.00 to C$26.00. They now have an “outperform” rating on the stock.
• 5/11/2026 – NFI Group had its price target raised by Scotiabank from C$24.50 to C$25.00. They now have a “sector outperform” rating on the stock.
• 5/11/2026 – NFI Group had its price target raised by TD from C$25.00 to C$26.00. They now have a “buy” rating on the stock.
• 5/1/2026 – NFI Group had its price target raised by Stifel Nicolaus from C$23.00 to C$25.50. They now have a “buy” rating on the stock.
• 4/28/2026 – NFI Group had its price target raised by Scotiabank from C$22.00 to C$24.50. They now have a “sector outperform” rating on the stock.
• 3/13/2026 – NFI Group had its price target raised by Scotiabank from C$21.00 to C$22.00. They now have an “outperform” rating on the stock.
• 3/13/2026 – NFI Group had its price target raised by ATB Cormark Capital Markets from C$27.00 to C$28.00. They now have an “outperform” rating on the stock.

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.