The Globe and Mail reports in its Tuesday, June 3, edition that National Bank Financial analyst Maxim Sytchev is keeping his "outperform" ranking for Atkinsrealis Group intact. The Globe's David Leeder writes that Mr. Sytchev gave his share target a $6 boost to $98. Analysts on average target the shares at $100.54. Mr. Sytchev says in a note: "Amid positively evolving regulatory landscape, nuclear-related equities are seeing material fund flows and multiple expansion (relevant peers at 19 times EV/EBITDA now). ... We attempt to derive a valuation for the business using a 'bottom-up approach' by using a discounted cash flow. Our baseline run-rate for the segment is aligned with Atkinsrealis Group's 2027 targets. On top of this, we layered on both current and potential projects that are not imbedded in the guidance with cash inflows for new builds being recognized uniformly over a 10- to 12-year period and refurb projects having more front-loaded inflows over a five-year span in a cadence similar to guidance. Our base case assumption suggests an implied value of $26.24 per Atkinsrealis share (before corporate costs), which is slightly below our updated $32.41 multiple-driven valuation in our NAV for the nuclear business."