The Globe and Mail reports in its Friday, Oct. 6, edition that ATB Capital Markets analyst Tim Monachello has reaffirmed his "outperform" recommendation for North American Construction Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Monachello boosted his share target by a loonie to $45. Analysts on average target the shares at $40.40. Mr. Monachello tweaked his share target following the close of North American Construction's $395-million acquisition of MacKellar Group. Mr. Monachello says in a note, "Overall, we believe [North American Construction Group's] recent pullback, down 13 per cent from post-MacKellar acquisition highs, offers an attractive entry level for investors." The Globe reported on Dec. 10, 2021, and Sept. 29, 2023, that TD Securities analyst Aaron MacNeil had upgraded North American Construction to "buy" from "hold" and then downgraded it back to "hold. The shares could then be had for $18.31 and $29.43. The Globe reported on Feb. 19, 2022, and July 28, 2023, that National Bank analyst Maxim Sytchev continued to rate North American Construction "outperform." It was then worth $19.07 and $32.90.