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Bird Construction Re-Upgraded to Outperform, Price Target Raised $5, on BCE's Data Centre Opportunity

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BMO has re-upgraded Bird Construction (BDT.TO) to outperform, after downgrading the company to market perform earlier this week "on the back of its strong run and multiple lift".

The catalyst for the upgrade this time was the May 14 announcement that BCE (BCE.TO) had picked Bird as construction partner for Bell AI Fabric's Sherwood location, analyst John Gibson writes, lifting his price target for Bird shares to $60.00.

The BCE announcement "provides an extra layer of growth moving forward" for Bird, he adds.

"Our updated numbers continue to incorporate mid-teens revenue growth in 2026, followed by a near 25% increase in 2027 (now at the guidance midpoint from the low end prior)."

(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)

Price: $55.97, Change: $+4.88, Percent Change: +9.55%

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