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Acuren initiated with a Buy at Jefferies

Jefferies initiated coverage of Acuren (TIC) with a Buy rating and $16 price target The company is positioned to boost EBITDA margins due to cost synergies from the NV5 acquisition, operating leverage, and business improvements, the analyst tells investors in a research note. The firm views Acuren’s $20M NV5 cost synergy target as conservative.

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