The Globe and Mail reports in its Thursday, March 7, edition that Raymond James analyst Frederic Bastien is maintaining his "outperform" recommendation for Bird Construction. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bastien gave his share target a $2 boost to $20.50. Analysts on average target the shares at $17.81. He jacked his share target up following the posting of the company's "strong" quarterly results. Mr. Bastien says in a note: "We maintain our positive bias on Bird Construction after the company handed the Street another beat, grew its combined backlog and pending backlog to a new high of $6.46-billion, and bolstered its industry-leading balance sheet in 4Q23. The stock may no longer fall in the value camp after a torrid 12-month run, but it still looks attractive to us from a momentum standpoint. With revenue projected to grow at double-digit percentages this year and margins firmly on an upward trend, we recommend investors let the good times roll." 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 Dec. 14 that ATB Capital rated Bird "outperform" when it was worth $14.27.