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Badger Infrastructure Price Target Raised to C$94 at TD

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TD Securities raised its price target on Badger Infrastructure Solutions Ltd. (BDGI.TO) to C$94 from C$92 on Tuesday.

Analyst Tim James maintained a Buy rating on shares of the Canadian non-destructive excavating services company ahead of its Q2 results on July 30.

James sees revenue growth of 14% and "continued moderation" in adjusted EBITDA margin compression, he said in a note to clients.

"We believe the outlook for long-term returns from recent initiatives aimed at sacrificing short-term margin in order to drive revenue growth should be a focus for investors," the analyst said.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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