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Bird Construction Price Target Raised to $48 at ATB
ATB Cormark Capital Markets raised its price target on Bird Construction Inc. (BDT.TO) to $48 from $38 on Monday.Analyst Chris Murray maintained an Outperform rating on shares of the Canadian provider of construction services following a recent corporate update with Bird's management, including CEO Teri McKibbon and CFO Wayne Gingrich."Discussion centred around demand conditions across the company's three segments, the margin outlook, capital allocation, and opportunities surrounding AI," Murray said in a note to clients."Management was increasingly bullish on its project pipeline, which continues to benefit from strong, balanced demand across primary end markets, combined with an industry-wide shift toward lower-risk, progressive model contracts," the analyst said."While construction names have rerated in H1/26, a strengthening opportunity set and margin outlook keep us positive on BDT."
$BDT.TO