0756- Canadian construction company Aecon has tapped into a new growth driver tied to accelerating data center demand. Raymond James' Frederic Bastien upgrades the stock rating to outperform from market perform after it was selected to build a multibillion-dollar power generation facility aimed at serving a major data center development. "The contract adds another growth vector to what we believe is already the most significant power infrastructure opportunity set for ARE in our more than two decades covering the stock," Bastien says. From here, the stock is poised for growth, and the analyst notes that any additional announcements will serve as further growth catalysts. He also raises the price target to C$60 from C$52. (adriano.marchese@wsj.com)
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Aecon Group Poised for Growth on Growing Data-Center Demand — Market Talk
0756- Canadian construction company Aecon has tapped into a new growth driver tied to accelerating data center demand. Raymond James' Frederic Bastien upgrades the stock rating to outperform from market perform after it was selected to build a multibillion-dollar power generation facility aimed at…