BUZZ-Toromont Industries Ltd: Better-than-expected Q2 revenue, profit

Wed Jul 29, 2015 12:52pm EDT
 
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** Construction equipment provider's shares up about 7 pct at C$34.23

** Stock touches all-time high of C$34.90

** Company's Q2 revenue, earnings beat analysts' estimates

** At least 2 brokerages upgrade stock to "outperform"

** Four of 10 brokerages rate the stock "buy" or higher, 6 "hold"

** At least 4 brokerages raises PT; BMO Capital Markets lifts by C$4 to C$36, the steepest raise

** Median PT is C$34.63

** Up to Tuesday's close, stock had risen about 12 pct this year