The Globe and Mail reports in its Wednesday, Aug. 9, edition that Stifel analyst Ian Gillies has reiterated his "buy" recommendation for Badger Infrastructure Solutions. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gillies bumped his Street-high target by a loonie to $48.50. Analysts on average target the shares at $38.61. Mr. Gillies says in a note: "Badger Infrastructure's 2Q23 was characterized by a 10.2-per-cent consensus EBITDA beat with EBITDA margins exceeding consensus by 220 basis points. Management indicated on the conference call that it is targeting EBITDA margins of 24 to 25 per cent in 2024 (compared to FactSet consensus of 20.8 per cent). Moreover, margins have been a key point of contention for the stock, and we now believe a recovery is well underway. In our view, the stock stands to benefit from increasing consensus estimates and multiple expansion in the near-term. Over the medium-term, the company's end market exposure to U.S. infrastructure spending should drive strong EPS growth (2024: up 40 per cent)." The Globe reported on July 5 that Mr. Gillies continued to rate Badger Infrastructure Solutions "buy." The shares were then going for $28.05.