The Globe and Mail reports in its Friday, Sept. 6, edition that National Bank Financial analyst Maxim Sytchev warns that industrial stocks historically perform poorly when the U.S. Fed eases peak interest rates, calling it "not ideal" for investors. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev says in a note: "All things being equal, lower rates equals higher NPV [net present value], propelling recent laggards such as staples and real estate-exposed names. The operative word 'being equal' as starting valuations, anticipation of rate cuts and, more importantly, their need -- now to stabilize the weakening labour market in the U.S. and prop up overall economy in Canada, respectively, (amid rolled over inflation) -- all play an evolving part within the capital allocation equation." Mr. Sytchev has reaffirmed his "outperform" recommendation and $68 share target for Atkinsrealis Group. Analysts on average target the shares at $68.09. Mr. Sytchev sees Atkinsrealis "providing the best risk/reward skew as the nuclear refurb cycle/margin expansion potential seems compelling, especially at relative valuation which imputes a 40-per-cent discount vs. peers."