The Globe and Mail reports in its Wednesday, Oct. 23, edition that National Bank Financial analyst Maxim Sytchev believes Canadian industrials "are generally doing well" but warns "earnings season will hit during U.S. elections and China stimulus thoughts." The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev says in a note: "Common feedback we hear is that [a Republican win is] negative for anything ESG-related. [However], multiple recent marketing trips with management teams suggest that tariffs/reshoring could lead to more in-situ manufacturing capacity. It's hard to make a call on these things, but we believe our coverage will work regardless of the outcome due to secular/bipartisan funding sources for most programs in the U.S. Most other geographies are robust. ... Interestingly, Chinese stimulus talk (and Google search volume) also points to positive returns for our space." Accordingly, Mr. Sytchev has reaffirmed his "outperform" recommendation for Aecon Group. He gave his share target a $4.50 boost to $25. Analysts on average target the shares at $23.23. The Globe reported on July 30 that Mr. Sytchev had hiked Aecon Group to "outperform" from "sector perform." It was then worth $16.19.