The Globe and Mail reports in its Wednesday edition that Stifel analyst Ian Gillies remains "positive" on the organic revenue growth prospects for Canadian engineering and construction firms, believing the spending outlook for customers will bring "above-trend" gains through 2025. The Globe's David Leeder writes in the Eye On Equities column that accordingly, Mr. Gillies boosted his share target for Bird Construction by a loonie to $16. Mr. Gillies continues to rate the shares "buy." Analysts on average target the shares at $12.92. Mr. Gillies says in a note: "Management is finally being recognized for executing a significant turnaround over the last three years with EBITDA margins rising from 2.3 per cent in 2019 to 4.7 per cent in 2023E. We are expecting more of the same over the next two years, and if delivered (23-25 EPS CAGR: 15.9 per cent), should continue to deliver a meaningful valuation rerating (2024/2025 P/E: 7.8 times/6.6 times)." The Globe reported on Oct. 19 that Mr. Gillies had reaffirmed his "buy" call for Bird. The shares were then worth $5.92. The Globe reported on Aug. 11 that Raymond James analyst Frederic Bastien said it was a good time to buy shares of Bird. It was then worth $9.43.