The Globe and Mail reports in its Friday, Nov. 14, edition that Stifel analyst Ian Gillies has reaffirmed his "buy" recommendation for Bird Construction. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gillies gave his share target a $5 boost to $46. Analysts on average target the shares at $34.25. Mr. Gillies says in a note: "We remain constructive (and view the current entry point as attractive) on Bird as we think our thesis is intact albeit with a few bruises given continued near-term downward estimates revisions. 2025 has been a year to forget for Bird but the Canadian government spending backdrop remains very conducive for large construction companies. We also think Bird's 2025 has been harmed by the 'newness' of all the trade issues in Canada. In our view, private capital projects will start to move forward again in 2026E as companies become accustomed to the current state of play. This view is supported Bird's robust combined backlog of $10-billion. We continue to believe Bird's 2027 estimated 8.0-per-cent EBITDA margin is attainable but our 2025-2027E organic growth CAGR of 5.6 per cent falls below the company's guidance of 8 to 12 per cent."