The Globe and Mail reports in its Friday, March 13, edition that National Bank Financial analyst Maxim Sytchev has reaffirmed his "outperform" recommendation for Bird Construction. The Globe's David Leeder writes that Mr. Sytchev gave his share target a $5 boost to $39. Analysts on average target the shares at $36.50. Mr. Sytchev says in a note: "When combining growing infrastructure activity, resumption of turnaround work in the industrial space, and nuclear/defence/data centre opportunities, it's hard not be excited about the company's prospects. We continue to see more upside in the shares while still believing that the gap vs. U.S. construction peers on an EV/EBITDA basis is too large; hence we are comfortable to increase our target EV/EBITDA multiple to eight times (from seven times) and with confident language around margins, we are now in line with the company's guide of 8 per cent for EBITDA in 2027E." Mr. Sytchev says Bird's "broad-based strength" in demand is driving a record backlog as well as revenue visibility, and he now expects a major inflection in the second half of 2026 and into 2027. The Globe reported on Sept. 25 that Mr. Sytchev continued to rate Bird "outperform." It was then worth $28.85.