The Globe and Mail reports in its Tuesday, Oct. 7, edition that Stifel analyst Ian Gillies, in a research report released Monday titled The Goldilocks scenario persists, reaffirmed his "constructive" view on Canadian engineering and construction firms, believing "organic growth continues to be well-supported by government spending most OECD regions and AI-related spend." The Globe's David Leeder writes in the Eye On Equities column that Mr. Gillies, however, warns that "there are more pockets of weakness for private capex compared to last year due to trade tensions." Mr. Gillies has reaffirmed his "buy" recommendation for Bird Construction. His share target climbed to $41 from $36. Analysts on average target the shares at $34.31. Bird Construction is Stifel's "best small cap idea." Mr. Gillies says in a note: "2025 has been a transition year, but we expect organic growth to snap back in 2026 (underpinned by backlog). The 2025E-2027E EPS CAGR remains compelling at 26.9 per cent, and we still advocate for a meaningful valuation rerating to at least the double digits (2027E P/E: 8.8 times)." The Globe reported on Sept. 25 that National Bank Financial rated Bird Construction "outperform." It was then worth $28.85.