Scotiabank upgrades Toromont Industries ($TMTNF) to Outperform, sets C$239 target — here’s how the stock has reacted historically
How TMTNF has reacted before
| Report | Next-day move |
|---|---|
| Jul 29, 2026 | +2.0% |
| Jul 08, 2026 | +2.0% |
| Jul 07, 2026 | +2.0% |
| Jun 18, 2026 | +8.1% |
| Aug 01, 2025 | -1.3% |
| Jul 31, 2025 | +2.7% |
| Jul 30, 2025 | +3.0% |
| Jul 22, 2025 | +0.0% |
| Jul 18, 2025 | +0.0% |
| Jul 14, 2025 | +0.7% |
| May 05, 2025 | +1.8% |
| May 02, 2025 | +1.8% |
Median absolute move 1.9% · higher 9 of 12 · n=12
The call
- Firm: Scotiabank
- Action: Upgrades
- Rating: Outperform
- Price target: C$239
How $TMTNF moves around analyst actions
| Date | Session move |
|---|---|
| Jul 29, 2026 | +2.0% |
| Jul 08, 2026 | +2.0% |
| Jul 07, 2026 | +2.0% |
| Jun 18, 2026 | +8.1% |
| Aug 01, 2025 | -1.3% |
| Jul 31, 2025 | +2.7% |
| Jul 30, 2025 | +3.0% |
| Jul 22, 2025 | +-0.0% |
| Jul 18, 2025 | +-0.0% |
| Jul 14, 2025 | +0.7% |
| May 05, 2025 | +1.8% |
| May 02, 2025 | +1.8% |
Base rates (n=12):
- Median absolute move: 1.9%
- Finished higher: 9 of 12
- Biggest up session: +8.1%
- Biggest down session: -1.3%