Michael Tupholme, an analyst from TD Cowen, maintained the Buy rating on AtkinsRealis. The associated price target was raised to C$124.00.
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Michael Tupholme has given his Buy rating due to a combination of factors that highlight the potential for AtkinsRealis’s growth and value. He notes that the company’s recent performance, despite some minor setbacks, demonstrates resilience and a strong foundation for future expansion. The strategic acquisition in the UK insurance sector is seen as a significant move that could enhance the company’s market position and revenue streams.
Additionally, the company’s core operations, particularly in wireless, have shown promising results, which are expected to continue contributing positively to its overall performance. The management’s focus on strategic deals and operational efficiency further supports the Buy rating, as these efforts are likely to drive long-term shareholder value. Overall, Tupholme’s analysis reflects confidence in AtkinsRealis’s ability to capitalize on its current strengths and market opportunities.
According to TipRanks, Tupholme is a 5-star analyst with an average return of 16.6% and a 67.42% success rate. Tupholme covers the Industrials sector, focusing on stocks such as Stantec, AtkinsRealis, and Ag Growth International.
In another report released today, Raymond James also reiterated a Buy rating on the stock with a C$110.00 price target.