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Stifel Canada Raises Bird Construction Price Target to $64.00 on New Opportunities

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Stifel Canada hiked its price target on the shares of Bird Construction (BDT.TO) by $9.00 to $64.00 and maintained its buy rating.

Analyst Ian Gillies says Bird's 2027 is shaping up to be better than expected given the recent data center announcement with BCE (BCE.TO) and further developments for the Ring of Fire in northern Ontario.

Gillies is now forecasting 20% organic growth in 2027E. Gillies also believes the company may exceed its

2027E EBITDA margin target of 8.0%.

The results of these changes is 2027 EBITDA estimate of 9.7% and EPS estimate rising to 20.4%.

Price: $58.09, Change: $+7.00, Percent Change: +13.70%

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