The Globe and Mail reports in its Friday, March 22, edition that Scotia Capital analyst Michael Doumet has reaffirmed his "sector perform" call for Badger Infrastructure Solutions. The Globe's David Leeder writes that Mr. Doumet gave his share target a $4 boost to $52. Analysts on average target the shares at $52.94. Mr. Doumet says in a note: "Badger hosted an Investor Day on March 20, providing an operational update, detailing several successful initiatives, and bridging its current performance to its growth and margin targets. The presentation featured Rob Blackadar (CEO since October, 2022), Rob Dawson (CFO since April, 2023), Chis Gunn (VP field sales), and Bobby Love (VP national accounts). With strong macro tailwinds and improved execution, management delivered a convincing message that there is a multiyear runway for low-teens organic growth and improved margins/ROIC. In our view, achieving its targets is heavily reliant on additional pricing gains (ahead of cost inflation), increased truck count, and enhanced capital efficiencies -- which we believe to be achievable. Following several challenged years, Badger took a major step forward in 2023 -- and we believe it can extend its success beyond 2024."