The Globe and Mail reports in its Wednesday, April 23, edition that Raymond James analyst Frederic Bastien has upgraded Bird Construction to "strong buy" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Bastien continues to target the shares at $35. Analysts on average target the shares at $32.50. Mr. Bastien says in a note: "We remain attracted to Bird heading into 1Q25 results, assured that its relentless efforts to diversify, expand its capabilities and geographical reach and risk-balance its work program has set it up for lasting success. With the broader Canadian economic outlook far from certain, we take significant comfort in Bird's confirmed and pending backlog of $7.7-billion spread across resilient industries like engineering construction, nuclear power and manufacturing. Moreover, we believe that Bird's seasoned industrial team, combined with its strong indigenous relationships, make it a front-runner for nation-building work that will help diversify Canada's exports beyond the United States. That leaves Bird's valuation, at 4.6 times current year EBITDA, as too good of an opportunity for us to pass up—hence our upgrade to 'strong buy.'"