JPMorgan initiated coverage of TIC Solutions (TIC) with an Overweight rating and $16 price target representing approximately 50% potential upside from current levels. The firm says the company provides essential, non-discretionary asset integrity services, as well as consulting engineering and geospatial solutions. JPMorgan sees accelerating cross-selling and the achievement of $25M in cost synergies following the Acuren and NV5 integration as key drivers for the shares.
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