The Globe and Mail reports in its Thursday, Jan. 21, edition that Raymond James analyst Frederic Bastien believes the outlook is brightening for infrastructure, construction and property services providers. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bastien says if today's soaring COVID-19 cases do not kibosh the current momentum, 2021 could work out to be a decent year. Mr. Bastien continues to rate SNC-Lavalin Group ($23.44) "market perform." He boosted his share target to $25 from $23. Analysts on average target the shares at $32.54. The Globe reported on Aug. 1 that Laurentian Bank Securities analyst Mona Nazir had upgraded SNC to "buy" from "hold." She said SNC's risk-reward proposition was "favourable" and "investors should look to buy at these levels." The shares were then going for $22.06. The Globe reported on Oct. 28 that Canaccord Genuity analyst Yuri Lynk continued to "see a favourably skewed risk/reward opportunity" at SNC. That led him to reaffirm his "buy" rating. The shares could then be had for $21.29. The Globe reported on Jan. 11 that National Bank analyst Maxim Sytchev continued to rate SNC "outperform." The shares were then worth $22.25.
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