The Globe and Mail reports in its Tuesday edition that at least two analysts cut their share price targets on Bird Construction following a second quarter earnings miss and a cautious 2025 outlook. The Globe's Darcy Keith writes that CIBC trimmed its target price to $33 from $35 while TD Cowen went to $31 from $34. TD analyst Michael Tupholme maintained a "buy" rating, commenting that he remains constructive on Bird's long-term outlook. He believes the stock's current trading level offers good value. Bird's second quarter adjusted earnings before interest, taxes, depreciation and amortization was $54.9-million, about 4 per cent below consensus, as lower-than-expected revenue was partially offset by better-than-expected margins. Factors behind softer first half 2025 revenue are seen persisting into the second half of this year, with margins also expected to be under pressure. Analysts on average target Bird Construction shares at $32.38. The Globe reported on March 14 and May 16 that National Bank had reaffirmed its "sector perform" call for Bird. It was then worth $21.51 and $25.31. The Globe reported on Aug. 15 that National Bank had hiked its recommendation to "outperform." The shares were then worth $24.51.