The Globe and Mail reports in its Wednesday, Sept. 13, edition that Stifel analyst Ian Gillies remains "positive" on the organic revenue growth prospects for Canadian engineering and construction firms, believing the spending outlook for customers will bring "above-trend" gains through 2025. The Globe's David Leeder writes in the Eye On Equities column that accordingly, Mr. Gillies boosted his share target for Aecon Group by a loonie to $13. The Stifel stockpicker has an unchanged "hold" call on Aecon Group. Analysts on average target the shares at $13.81. Mr. Stifel says in a note: "We remain concerned over near-term issues for Aecon related to four large fixed-price contracts, with uncertain settlements on outstanding billings. Over the medium term, the company is very well positioned to benefit from Canadian infrastructure spending (23-25 EPS CAGR [compound annual growth rate]: 16.0 per cent). At this juncture, we remain on the sidelines." The Globe reported on April 7, 2022, that Mr. Gillies had downgraded Aecon to "hold" from "buy." It was then worth $16.20. The Globe reported on May 18, 2023, that BMO upgraded its call on Aecon Group to "outperform" from "market perform." It was then worth $13.14.