The Globe and Mail reports in its Tuesday edition that Stifel's Ian Gillies continues to rate Aecon Group "buy." The Globe's David Leeder writes that Mr. Gillies raised his share target to a Street high of $30, up from $25. Analysts on average target the shares at $20.27. The Globe says Mr. Gillies calls Aecon Group his "top trade idea given the potential upside the stock offers driven by significantly improved earnings certainty on meaningfully lower project risks." Mr. Gillies says in a note: "[We upgraded Aecon Group] on July 25, 2024, following the company's update on its legacy projects. We believe equity risk has reduced significantly after the company ring-fenced impairments from the legacy projects for the first time. The stock has increased 42 per cent year-to-date, but there remains significant upside. A higher degree of certainty regarding a return in earnings momentum and a valuation rerate due to lower project risks make Aecon Group a top tactical trade idea for investors looking for an undervalued stock tied to the Canada infrastructure spending play." The Globe reported on July 30 that National Bank's Maxim Sytchev had hiked Aecon Group to "outperform" from "sector perform." It was then worth $16.19.