The Globe and Mail reports in its Tuesday, March 5, edition that Canaccord analyst Yuri Lynk has reaffirmed his "buy" recommendation for Badger Infrastructure Solutions. The Globe's David Leeder writes that Mr. Lynk's share target soared by $8 to $60. Analysts on average target the shares at $49.61. Mr. Lynk says in a note: "The macroeconomic environment remains very supportive for Badger, 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. At the company level, management just delivered 2023 results that featured 20-per-cent revenue growth and 450 basis points (bps) of EBITDA margin expansion. We see growth moderating in 2024, but remaining in double digits, with margin expansion continuing such that our 2024 EPS estimate implies 73-per-cent growth and a further 26 per cent in 2025. Importantly, our 2025 EBITDA margin assumption of 26 per cent is conservatively 200 bps below the low end of management's long-term target of 28 per cent to 29 per cent." The Globe reported on July 7 and Oct. 3 that Mr. Lynk rated Badger "buy" when it was worth $30.61 and $33.