The Globe and Mail reports in its Friday edition that Canaccord Genuity analyst Yuri Lynk reiterated his "buy" call on Badger Daylighting ($40.36), while increasing his share target to $47 from $41. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $38.93. On Wednesday, Badger posted revenue and adjusted earnings before interest, taxes, depreciation and amortization of $179-million and $48-million, representing jumps of 35 per cent and 39 per cent year-over-year and exceeding Mr. Lynk's projections ($147-million and $41-million). Earnings per share of 63 cents were an increase of 113 per cent after removing tax benefits realized in the fourth quarter of 2017. Mr. Lynk says in a note: "As hydrovac gains wider acceptance in the U.S. and Badger leverages its considerable first mover enabled scale advantage, its growth numbers are impressive. In Q4/2018, Badger's U.S. operations put up 21 per cent year-over-year constant currency organic growth before emergency services work associated with wildfires in California and hurricane Michael in the Southeast boosted growth to 41 per cent year-over-year. This growth was not done at the expense of profitability."