Weekly Research Analysts’ Ratings Updates for Badger Infrastructure Solutions (BDGI)

Several brokerages have updated their recommendations and price targets on shares of Badger Infrastructure Solutions (TSE: BDGI) in the last few weeks:

• 5/4/2026 – Badger Infrastructure Solutions had its price target raised by Canadian Imperial Bank of Commerce from C$78.00 to C$85.00.
• 5/4/2026 – Badger Infrastructure Solutions was upgraded by Canaccord Genuity Group Inc. from “hold” to “buy”. They now have a C$90.00 price target on the stock, up from C$70.00.
• 5/4/2026 – Badger Infrastructure Solutions had its price target raised by Stifel Nicolaus from C$82.00 to C$94.00. They now have a “buy” rating on the stock.
• 5/4/2026 – Badger Infrastructure Solutions was upgraded by Raymond James Financial, Inc. from “market perform” to “outperform”. They now have a C$77.00 price target on the stock, up from C$73.00.
• 5/1/2026 – Badger Infrastructure Solutions was upgraded by National Bank Financial from “sector perform” to “outperform”. They now have a C$74.00 price target on the stock.
• 4/29/2026 – Badger Infrastructure Solutions had its price target lowered by Raymond James Financial, Inc. from C$83.00 to C$73.00.
• 4/17/2026 – Badger Infrastructure Solutions had its price target raised by Stifel Nicolaus from C$81.00 to C$82.00. They now have a “buy” rating on the stock.
• 3/9/2026 – Badger Infrastructure Solutions had its price target lowered by National Bank Financial from C$82.00 to C$74.00. They now have a “sector perform” rating on the stock.
• 3/9/2026 – Badger Infrastructure Solutions had its price target lowered by TD Securities from C$83.00 to C$80.00. They now have a “buy” rating on the stock.
• 3/9/2026 – Badger Infrastructure Solutions had its price target lowered by Canaccord Genuity Group Inc. from C$81.00 to C$70.00. They now have a “hold” rating on the stock.
• 3/9/2026 – Badger Infrastructure Solutions had its price target lowered by Stifel Nicolaus from C$85.00 to C$81.00. They now have a “buy” rating on the stock.
• 3/9/2026 – Badger Infrastructure Solutions had its price target lowered by Acumen Capital from C$82.25 to C$80.00. They now have a “buy” rating on the stock.
• 3/9/2026 – Badger Infrastructure Solutions had its price target lowered by Canadian Imperial Bank of Commerce from C$86.00 to C$80.00.

Badger Infrastructure Solutions Ltd is North America’s provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. The company manufactures and designs its truck-mounted hydrovac units, giving an opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes.