The Globe and Mail reports in its Friday, Oct. 31, edition that analyst price targets are going up for Aecon Group following stronger-than-expected third quarter earnings before interest, taxes, depreciation and amortization, and bookings. The Globe's Darcy Keith writes in the Eye On Equities column that Canaccord Genuity raised its target price to $40 from $29 and reiterated a "buy" rating, while CIBC raised its target price to $35 from $29 -- although CIBC also downgraded its rating to "neutral" from "outperformer." Desjardins Securities raised its price target to $35 from $22 but it also downgraded its rating to "hold" from "buy." "The company is now just months away from putting the legacy LSTK [lump sum turnkey] contracts behind it," commented Canaccord analyst Yuri Lynk. "We estimate we could begin seeing clean quarters from Aecon as soon as Q2/2026, with positive implications for free cash flow conversion and valuation, in our view." Desjardins analyst Benoit Poirier said his rating downgrade was made in light of the stock's recent rally and rich valuation, as well as a lack of near-term catalysts.