AtkinsRealis initiated with a Buy at Stifel

Stifel initiated coverage of AtkinsRealis (SNCAF) with a Buy rating and C$98 price target AtkinsRealis, formerly known as SNCLavalin, is a Canada-based professional services firm focused on engineering and consulting in the middle innings of a strategic repositioning to focus on Engineering Services and Nuclear work, the analyst tells investors. President and CEO Ian Edwards has been “very successful” since becoming COO in 2019 and subsequently CEO later that year, says the analyst, who forecasts 2025 revenue of C$10.2B and EPS of C$3.23.