Badger Infrastructure upgraded to Outperformer from Neutral at CIBC

CIBC analyst Krista Friesen upgraded Badger Infrastructure to Outperformer from Neutral with a price target of C$54, up from C$52. Strength seen in its U.S. division is a direct result of the company’s sales strategy, says the analyst, who also cites valuation following Badger’s “solid start to the year.”