The Globe and Mail reports in its Friday edition that Canaccord Genuity analyst Yuri Lynk has boosted his share target for Aecon Group by $3 to $14 (all figures U.S.). The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Lynk says he is impressed by the $128.5-million price the company received for the sale of its 49.9-per-cent interest in the Bermuda International Airport concessionaire Skyport. He says in a note: "We view this transaction favourably as it occurred at a substantially higher valuation than that implied by our model and further enhances financial flexibility. We believe management set a few balls in motion last summer with an eye toward strengthening the balance sheet. As it turned out, at least two of these planned asset sales resulted in very healthy valuations and so management hit the respective bids for Aecon Transportation East (ATE) and 49.9 per cent of Skyport." He notes the sale price implies 100 per cent of Skyport is worth $5.77 per Aecon share, substantially above the consensus estimate of $2.60 and Mr. Lynk's $3 estimate. Mr. Lynk says with the sale, Aecon has a very strong balance sheet. Despite the praise, Mr. Lynk says, "We believe investors should stay on the sidelines."