Badger Infrastructure Solutions initiated with a Buy at TD Securities

TD Securities initiated coverage of Badger Infrastructure Solutions (BDGIF) with a Buy rating and C$70 price target Badger is the largest non-destructive hydrovac excavation service provider in North America and its emphasis on hydrovac services presents a secular growth driver that “distinguishes it from comparable investments,” says the analyst, who calls Badger “a great opportunity to invest in a North American infrastructure services company that provides niche excavation services.”