The Globe and Mail reports in its Friday, Aug. 2, edition that Raymond James analyst Frederic Bastien has reaffirmed his "outperform" recommendation for North American Construction Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bastien knocked his share target back by $5 to $35. Analysts on average target the shares at $41.33. Mr. Bastien says in a note: "2Q24 turned out to be another tough quarter for North American Construction Group (NACG), with uncooperative weather driving results well below consensus expectations. This, combined with directionally soft 1Q24 results, was enough for management to throttle down its expectations for the year. Miss aside, we remain upbeat on the firm's prospects, and see significant value at current levels given normalized operations in the oil sands and continued progression of Aussie contract miner MacKellar." The Globe reported on Dec. 15 and May 3 that National Bank rated North American Construction "outperform." The shares could then be had for $27.42 and $28.06. The Globe reported on April 19 that TD Cowen analyst Aaron MacNeil had upgraded North American Construction to "buy" from "hold." The shares could then be had for $38.38.