The Globe and Mail reports in its Tuesday, March 10, edition that National Bank analyst Maxim Sytchev has reaffirmed his "outperform" recommendation for Aecon Group. The Globe's David Leeder writes that Mr. Sytchev gave his share target a $10 boost to $45. Analysts on average target the shares at $35.85. Mr. Sytchev says in a note: "The growing narrative that 'construction is safe from AI' continues to drive sector rotation toward names positioned to benefit from the AI-driven power and infrastructure buildout. Backlog is up 61 per cent year-over-year, and Aecon is likely to participate meaningfully in further Ontario nuclear development regardless of final technology selection. ... Against this backdrop, we encourage investors to do nothing -- and remain long. We were highly tactical on the name through the volatility of 2022 to 2024. However, as visibility improves and the investment thesis becomes increasingly thematically skewed to the upside, traditional long-term relative or absolute valuation frameworks become less useful. In this environment, the opportunity cost of non-participation risks outweighing concerns around near-term valuation, particularly as EPS growth is expected to outpace the valuation inflection."