The Globe and Mail reports in its Tuesday, Sept. 24, edition that Canaccord Genuity analyst Yuri Lynk is keeping his "buy" ranking on Aecon Group intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Lynk gave his share target a $3 boost to $28. Analysts on average target the shares at $21.27. The Canaccord stockpicker says in a note: "Despite its shares delivering a total return of over 55 per cent year-to-date, we continue to see compelling upside potential. Firstly, Aecon's financial results are poised to inflect as legacy lump sum turnkey (LSTK) loss-making contracts roll off over the next year and five progressive design-build contracts, which carry less risk than LSTK, come into, and potentially double, backlog in 2025. Secondly, Aecon Construction's underlying TTM [trailing 12-month] EBITDA margin (after corporate costs) of 6.7 per cent is above most peers and should attract a higher EV/EBITDA valuation multiple once financial performance improves versus the five times EV/EBITDA (2025E) the market presently assigns. Lastly, we see the opportunity for Aecon's successful concessions team to add significant value given the new awards profile of that business."