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Raymond James’ Frederic Bastien reduced his Badger Infrastructure Solutions Ltd.to $54 from $57 with an “outperform” rating. The average is $53.38.
“We are ... lowering our Badger Infrastructure estimates closer to where the Street currently resides, but note that our modest revisions pale in comparison to the stock’s 26-per-cent retreat since the start of 2Q24. Therein lies the best buying opportunity we’ve seen on the stock since launching research coverage of BDGI,” he said.
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