The Globe and Mail reports in its Friday, May 9, edition that RBC Capital Markets analyst Maurice Choy has reaffirmed his "sector perform" recommendation for Atco. The Globe's David Leeder writes in the Eye On Equities column that Mr. Choy gave his share target a $2 boost to $53. Analysts on average target the shares at $54.33. Mr. Choy says in a note: "We believe that the stronger-than-expected results in Q1/25 highlight the resilience of Atco's earnings, from the low-risk Canadian utilities, to the rebuilt base business of structures and logistics (S&L). While certain investors may be concerned that activity levels may slow down at S&L given broad macro and capital cost uncertainties, the evidence thus far suggests otherwise. Looking ahead, as we keep an eye on S&L's financial performance, we anticipate Atco's diverse portfolio of infrastructure assets may give rise to a myriad of potential growth opportunities for the company." Globe columnist Norman Rothery recommended buying Atco on June 3 when it was worth $40.06. The Globe reported on Oct. 4 that Mr. Choy continued to rate Atco "sector perform." The shares could then be had for $47.91.
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