The Globe and Mail reports in its Friday, April 17, edition that Stifel analyst Ian Gillies believes the first quarter of 2026 for Canadian industrial companies won't reflect the current operating environment. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gillies says the focus should be on how companies address customer hesitation and cost inflation. Mr. Gillies continues to rate Bird Construction "buy." Mr. Gillies continues to target the shares at $55. Analysts on average target the shares at $44.86. Mr. Gillies says in a note: "This stock has worked year-to-date, increasing 56 per cent, and we acknowledge the return profile is skinnier from here. With that said, the bid environment in Canada for large projects is higher, which we believe could lead to a string of large contract wins for Bird. This would help solidify 8- to 12-per-cent organic growth past the end of its current business plan in 2027E. The valuation remains inexpensive at 14.1 times P/E in relation to its return profile and peers." The Globe reported on Nov. 14 that Mr. Gillies had reaffirmed his "buy" recommendation for Bird Construction. The shares could then be had for $25.59.