The Globe and Mail reports in its Thursday, Nov. 9, edition that Raymond James analyst Frederic Bastien is sticking with his "strong buy" call on Bird Construction. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bastien's share target soared ahead by $3 to $16. Analysts on average target the shares at $13.59. Mr. Bastien says in a note: "The firm has delivered several consecutive quarters of improved results, successfully grown combined backlog to a record $6.1-billion, and built a balance sheet that provides M&A optionality. Moreover, Bird Construction generates little business from the industry segments most vulnerable to higher interest rates, and benefits from favourable supply-demand dynamics that allow for better risk sharing into contract terms. Yet, its stock continues to trade a full standard deviation off its 10-year average on both a P/E and EV/EBITDA basis. Investors don't need multiple expansion to do well on this stock; they just need a reversion back to the mean." The Globe reported on Aug. 11 that Mr. Bastien said it was a good time to buy shares of Bird. It was then worth $9.43. The Globe reported on Sept. 13 that Stifel rated Bird "buy." It was then worth $10.78.