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AtkinsRealis Group Price Target Lowered to $99.00 at Stifel Canada

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Stifel Canada trimmed its price target on the shares of AtkinsRealis Group (ATRL.TO) by $2.00 to $99.00 but left its buy rating unchanged.

AtkinsRealis posted a solid first quarter, but left 2026E and 2027E guidance unchanged, notes analyst Ian Gillies. Contribution is expected to be weighted towards the second half of this year as the war in Iran negatively impacts AMEA (Asia, Middle East and Africa) while the U.S. and Latin America's (USLA) growth is expected to pick up throughout the year.

The company has been active in its capital allocation year-to-date through a series of three acquisitions (~$310 million) and repurchasing 0.9-million shares in the first quarter, notes Gillies.

"We believe the company can continue to be very active with both programs given the capital flexibility with ND/EBITDA (ex. leases) of -0.1x and -0.6x in 2026E/2027E."

Price: $81.60, Change: $-0.13, Percent Change: -0.16%

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