Aecon Group Price Target Raised to CA$65 at Raymond James

MT Newswires Live10-30 19:58

Raymond James raised its price target on Aecon Group (ARE.TO) to CA$65 from CA$60 on Friday.

Analyst Frederic Bastien maintained an outperform rating on shares of the Canadian construction and infrastructure development company following its quarterly results.

"With Aecon's legacy fixed-price projects fading in the rearview mirror, we expect investor confidence to continue building into 2027," Bastien said in a note to clients.

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