The Globe and Mail reports in its Friday edition that Stifel analyst Ian Gillies made a trio of share target adjustments: Aecon Group, rated "hold," saw its share target boosted to $17 from $16.50; Russel Metals, rated "buy," saw its share target fall to $54 from $55.50 and Stelco Holdings, rated "buy," saw its share target fall to $49 from $52. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $18.21, $49.19 and $52.71. Mr. Gillies says in a note: "Year-to-date, share price performance for our coverage universe has been mixed with exactly half our coverage outpacing the S&P 500. As we head into 1Q24 reporting, we will be trying to identify incremental supportive data points to our 'own the infrastructure build-out' thesis. We believe ongoing spending by governments can accelerate organic revenue growth forecasts 'higher' in 24/25, even in spite of a higher-for-longer rate environment. Moreover, our review of provincial budgets in Canada reflects a better-than-expected spend 24/25. Meanwhile, U.S. government grants and loans have been coming out at a jarring pace YTD, particularly for semi fabs."