BMO Capital upgraded Bird Construction (BIRDF) to Outperform from Market Perform with a price target of C$60, up from C$55. The firm is re-upgrading the stock after its downgrade overnight, stating that its long-term partnership with Bell, announced in the pre-market, provides the company with an extra layer of growth moving forward, the analyst tells investors in a research note. BMO adds that Bird Construction’s recent data center partnership announcement and corresponding estimate changes warrant an Outperform rating.
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