Raymond James analyst Frederic Bastien upgraded Aecon Group (AEGXF) to Outperform from Market Perform with a price target of C$60, up from C$52, following the company's selection to build a multibillion-dollar power generation facility that will serve a major data center development. Pembina Pipeline (PBA), Morgan Stanley Infrastructure Partners and Kineticor Asset Management have appointed TRA, a consortium in which Aecon holds a majority stake, to build the Greenlight Electricity Centre, a 932 MW natural gas-fired combined-cycle power generation project in Sturgeon County, the analyst noted.
