The Globe and Mail reports in its Wednesday, July 5, edition that Stifel analyst Ian Gillies continues to rate Badger Infrastructure Solutions "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Gillies has an unchanged share target of $49. Analysts on average target the shares at $36.47. Mr. Gillies says Badger has a "deeply discounted" valuation and is trading at a "very attractive entry point." While he notes a "near-term valuation catch-up trade potential," the analyst also sees an enticing longer-term investment, citing his estimate of a 2023-28 earnings per share compound annual growth rate of 25 per cent. Mr. Gillies says in a note: "This is our favourite sort of investment opportunity as the risk/reward is tilted significantly higher. Our view on Badger has been increasingly more positive since we initiated coverage on the stock four months ago. The company has put together a strong new management team to help turn around the business with compelling five-year goal posts and the strategy has been progressing well. In the past quarter, the stock has traded down 15.2 per cent versus the S&P 500 Industrials index at 5.8 per cent, which we view as unwarranted."