The Globe and Mail reports in its Tuesday, Oct. 17, edition that Industrial Alliance Securities analyst Elias Foscolos says it is time to be more selective in the energy industry. The Globe's David Leeder writes in the Eye On Equities column that Mr. Foscolos upgraded Badger Daylighting ($28.13) to "strong buy" from "buy," with a share target of $37, up from $36. Analysts on average target the shares at $35.15. Mr. Foscolos says in a note: "Although the strengthening of the CAD and our decreased forecast for U.S. rig counts had a negative impact on our financial model for Badger, two factors more than balanced out those effects. First, we expect that Badger's revenue stream from the U.S. might experience a tailwind due to the increased infrastructural repair work related to the hurricanes. Second, we have elected to roll forward the timeframe of our multiple based analysis to 2018, which results in a positive impact to the overall valuation. Consequently, this led to an increase in our target price to $37, which justifies our upgraded 'strong buy' rating." The Globe reports on May 16 that Mr. Foscolos upgraded his rating on Badger to "buy" from "hold." In the item. The shares could then be had for $23.27.