John Mould, an analyst from TD Cowen, maintained the Hold rating on ATCO Ltd Cl I NV. The associated price target is C$57.00.
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John Mould’s rating is based on several factors influencing ATCO Ltd Cl I NV’s current market position. The company’s recent quarterly results were in line with expectations, indicating stable performance. However, the ongoing asset disposition program has become more significant, which suggests a strategic shift that could impact future profitability.
Additionally, while there is momentum in certain segments like Structures & Logistics, the overall market conditions and competitive landscape present challenges that may limit substantial growth in the near term. These elements combined lead to a cautious outlook, justifying the Hold rating as the stock is trading near its cash value, implying limited upside potential.
In another report released yesterday, RBC Capital also maintained a Hold rating on the stock with a C$59.00 price target.