The Globe and Mail reports in its Friday 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 jacked his share target up by a loonie to $29. Analysts on average target the shares at $34.31. Mr. Sytchev says in a note: "The company continues to execute well, no question there; the current backdrop also appears to be supportive of the company's 2027E ambitions. What's interesting, of course, is the cognitive dissonance we get from the equipment space which, in all fairness, benefited from unsustainable pricing power during COVID -- that cohort is now under pressure, and we do believe lower immigration intake in Canada is bound to trickle down, eventually, to the construction industry. Yes, of course, we are still catching up to years of under investment but in the world of linear projections, budgets can swing from one year to the next. The entire space is trading like it's 2006/2007. We remain patient and opportunistic, where we have conviction." The Globe reported on Oct. 11 that Mr. Sytchev said Bird has a "limited margin of safety." It was then worth $31.90.