The Globe and Mail reports in its Wednesday, Jan. 22, edition that Raymond James analyst Frederic Bastien continues to rate Atkinsrealis Group "outperform." The Globe's Darcy Keith writes that Mr. Bastien saw its share target soar to $98 from $84. Mr. Bastien says in a note: "Now that its balance sheet is approaching investment grade again, we opine that Atkinsrealis will get the M&A ball rolling soon. Management is acutely aware the firm hasn't acquired anything of size since 2017, so it plans to build credibility with bite-sized transactions first. A relatively new corporate development team is combing through U.S.-based firms ranging from 300 to 1,200 professionals in size and with the expertise to advance Atkinsrealis's sphere of excellence in transportation or water. While no geography is off the table, we anticipate big spending states such as New York, Pennsylvania, New Jersey, California, Oregon and Washington will be favoured. With the business firmly anchored, now is also a good time for the company to sell its Highway 407 and Linxon interests, in our opinion." The Globe reported on June 20 that Mr. Bastien had reaffirmed his "outperform" recommendation for Atkinsrealis when it was worth $57.59.