Aecon Group upgraded to a Buy, says iA Capital Markets

March 2, 2023

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A clearer path to higher profitability and a de-risked balance sheet are just a couple of the reasons iA Capital Markets analyst Naji Baydoun is giving the green light on Aecon Group (Aecon Group Stock Quote, Charts, News, Analysts, Financials TSX:ARE). In a Thursday report, Baydoun changed his rating on the stock from “Hold” to “Buy,” saying Aecon is heading into a key transition year, while a recent asset sale removed a funding overhang on shares.

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Source: Cantech Letter

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