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FINWIRES

Badger Infrastructure Solutions Upgraded at Raymond James

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-- Badger Infrastructure Solutions Ltd. (BDGI.TO) was upgraded to Outperform from Market Perform at Raymond James.

Analyst Frederic Bastien raised his price target on shares of the Canadian non-destructive excavating and related services provider to $77 from $73 following its Q1 results.

The stock rose $12.66, or 19%, to $78.36 on the Toronto Stock Exchange on Friday.

"...With new truck builds stretching higher on accelerating demand and growth investments weighing less on profitability than expected, we see BDGI digging out from under the skepticism that followed its 4Q25 print," Bastien said in a note to clients.

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