The Globe and Mail reports in its Wednesday, May 22, edition that RBC Capital analyst Sabahat Khan has reiterated his "outperform" recommendation for ATS. The Globe's David Leeder writes in the Eye On Equities column that Mr. Khan gave his share target a $5 haircut to $60. Analysts on average target the shares at $62.43. Mr. Khan says in a note: "ATS reported Q4/F24 results ahead of Street expectations. Despite some headwinds in the transportation/EV business, ATS's other end-markets continue to trend well. Looking ahead to F2025, we think the company will deliver EBIT growth (reflecting margin expansion), which we view favourably considering the uncertainty in transportation." The Globe reported on Feb. 9 that Scotia Capital analyst Michael Doumet had cut ATS to "sector perform" from "sector outperform." He recommended looking "for a more attractive entry point." The shares could then be had for $55.19. The Globe reported on April 17 that Stifel analyst Justin Keywood had reaffirmed his "buy" recommendation for ATS. In the item, Mr. Keywood called ATS one of his "top picks." The shares could then be had for $41.40.
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