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ATS Downgraded to Hold at TD

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ATS Corp. (ATS.TO, ATS) was downgraded to hold from buy at TD Securities.

Analyst Cherilyn Radbourne lowered her price target on shares of the Canadian factory automation systems company to C$33 from C$49.

"The company's end-market fundamentals are sound, and a large booking could rapidly shift sentiment; however, Q2/F27 bookings might not generate much revenue until F2028," Radbourne said in a note to clients.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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