The Globe and Mail reports in its Friday, March 22, edition that Acumen Capital analyst Trevor Reynolds has reaffirmed his "speculative buy" recommendation for Badger Infrastructure Solutions. The Globe's David Leeder writes in the Eye On Equities column that Mr. Reynolds boosted his share target by $5.50 to $53. Analysts on average target the shares at $51.72. Mr. Reynolds says in a note: "Tailwinds remain strong with expected growth of 8 per cent (per year) in the markets that Badger operates through to 2027. Management continues to view their core markets as both underserved and under-penetrated which presents significant growth opportunities for BDGI. Commercial strategy has been successful and would be very difficult for competitors to replicate given Badger's dominant position in North America. Pricing engine introduced in 2023 has successfully increased RPT by incorporating branch utilization, market position and timing of reservation to rates." Mr. Reynolds notes that the Calgary-based provider of non-destructive excavating and related services is investing additional capital and resources in data. This investment is expected to drive decision-making in all aspects of the business over the coming years.