The Globe and Mail reports in its Tuesday, Jan. 16, edition that Canaccord Genuity analyst Yuri Lynk has reaffirmed his "buy" recommendation for Badger Infrastructure Solutions. The Globe's David Leeder writes in the Eye On Equities column that Mr. Lynk's share target soared by $8 to $52. Analysts on average target the shares at $44. Mr. Lynk says in a note: "We continue to see upside to consensus estimates, especially for 2025's 24.8-per-cent EBITDA margin, which implies only modest improvement from the 22.6 per cent we forecast for 2023. This is despite Badger being on track to deliver 500 basis points of margin improvement in 2023, with a stated goal of achieving 28 per cent to 29 per cent as early as 2025. The macro remains supportive, with robust utility and construction spending that we believe should remain as such for the foreseeable future, driven by infrastructure renewal and expansion, the energy transition, and the trend towards safe digging." The Globe reported on July 7 and Oct. 3 that Mr. Lynk had reaffirmed his "buy" recommendation for Badger Infrastructure when it was worth $30.61 and $33. The Globe reported on Dec. 21 that Acumen Capital rated Badger "speculative buy" when it was worth $40.27.