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Bird Construction Price Target Raised to $72 at TD

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TD Securities raised its price target on Bird Construction Inc. (BDT.TO) to $72 from $63 on Tuesday.

Analyst Michael Tupholme maintained a Buy rating on shares of the Canadian construction company.

"While BDT's share price has performer exceptionally well YTD (+100%), we continue to see upside supported by both multiple re-rating and a highly attractive EBITDA growth algorithm," Tupholme said in a note to client.

"BDT continues to trade at one of the lowest valuations among NA construction peers," the analyst said.

"Continued award wins in the near-to-med term should improve visibility on BDT's growth across key end markets and support re-rating."

(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://www..com/contact-us)

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