Research Analysts’ Weekly Ratings Changes 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:

• 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.
• 3/6/2026 – Badger Infrastructure Solutions had its price target lowered by BMO Capital Markets from C$85.00 to C$80.00. They now have a “market perform” rating on the stock.
• 2/11/2026 – Badger Infrastructure Solutions had its price target raised by Acumen Capital from C$77.25 to C$82.25. They now have a “buy” rating on the stock.
• 2/6/2026 – Badger Infrastructure Solutions had its price target lowered by Stifel Nicolaus from C$88.00 to C$85.00. They now have a “buy” rating on the stock.
• 2/2/2026 – Badger Infrastructure Solutions was downgraded by Canaccord Genuity Group Inc. from “buy” to “hold”. They now have a C$81.00 price target on the stock.

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.