Following the company’s Q2 results, Industrial Alliance analyst Naji Baydoun has dropped his price target on Aecon Group (Aecon Group Stock Quote, Chart, News, Analysts, Financials TSX:ARE).
On January 26, ARE reported its Q2, 2023 results. The company posted Adjusted EBITDA of $16.7-million on revenue of $1.17-billion. While the topline was four per cent better than the same period in 2022, EBITDA fell sharply, from $38.5-million in last year’s second quarter.
Source: Cantech Letter