The Globe and Mail reports in its Friday, March 7, edition that National Bank Financial analyst Maxim Sytchev has reiterated his "sector perform" recommendation for Aecon Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev slashed his share target by $7 to $23. Analysts on average target the shares at $30.64. Seeing turbulence from U.S. tariffs and a potential federal government change creating a "fluid situation" for Aecon Group, Mr. Sytchev says he is "ok to bide our time on the sidelines." Mr. Sytchev says in a note: "We of course understand that a lot of the macro dynamic is outside management's control, but with 42 per cent of the backlog being fixed-price, any bottlenecks around the supply chain (typical contract will have 15 to 20 per cent of materials as COGS) and re-prioritization of spending priorities in case of a government change can lead to delays (Canadian elections are very much up in the air, potentially impacting spending continuity). At this point, it remains a fluid situation and whenever investors get compensated to take the risk, fine, but here visibility is murky, at best, given all the moving parts. We are ok to bide our time on the sidelines."