The Globe and Mail reports in its Friday, Jan. 19, edition that in a research report titled Turning Holes Into Moats, Raymond James analyst Frederic Bastien commenced coverage on Badger Infrastructure Solutions with an "outperform" recommendation and $52 share target, matching the high on the Street. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $44.89. Mr. Bastien says in a note: "In recent years, a new leadership team has implemented simple, yet effective strategies to leverage the firm's strong safety culture, scale advantages and unique manufacturing capabilities into enhanced returns. These actions are yielding benefits as a perfect storm of secular trends is driving unprecedented growth in Badger Infrastructure's key markets—utilities and infrastructure construction. Although these combined forces are already driving a healthy rebound in both financial performance and share price post-COVID, we believe there is much for investors to look forward too."