The Globe and Mail reports in its Wednesday, Oct. 9, edition that RBC Capital analyst Sabahat Khan has reaffirmed his "outperform" recommendation for ATS. The Globe's David Leeder writes that Mr. Khan gave his share target a $1 trim to $54. Analysts on average target the shares at $57.33. Mr. Khan says in a note: "ATS shares have pulled back in recent quarters given the tougher comparables and some headwinds in the transportation market, which has led to investor questions regarding the potential cyclicality of the overall business. [ATS recently] highlighted that the company is trending toward its historical revenue mix, where 75 per cent of the business is relatively stable through the cycle. Implicit in this commentary is that the transportation/EV mix is trending toward high single digits to low double digits percentage of revenue. Our forecasts for year-end F25 (March 2025) reflect life sciences at 50 per cent of full-year revenue. Recall that management recently announced plans to reallocate resources from transportation to other business lines. Overall, we expect ATS shares to trend higher as the macro environment stabilizes and as ATS's revenue mix reverts toward its historical 'staples-like' exposure."