The Globe and Mail reports in its Friday, Oct. 11, edition that National Bank Financial analyst Maxim Sytchev has reaffirmed his "sector perform" recommendation for Bird Construction. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev's share target soared $5 to $28. Analysts on average target the shares at $32.88. Mr. Sytchev says in a note: "We have been wrong on the name since January, 2024, when we stepped away from it as we have under-appreciated the positive earnings revisions that have led to a doubling in EPS from 2022 levels. According to the math 2027 EBITDA guidance implies a $40 NAV (vs. current share price of $30). This imputes a sustained positive macro backdrop, continued margin improvements and unchanged government spending priorities. To us, it feels a bit like peak expectations on peak multiples, leading therefore to buying Bird shares at a 2.4-per-cent 2024 FCF yield -- for a construction company -- lower than a typical metric investors would find acceptable for an engineering consulting entity. Bird management has done a wonderful job -- shares have responded accordingly -- but we find limited margin of safety at these trading levels."