The Globe and Mail reports in its Friday, June 27, edition that TD Cowen analyst John Mould commenced coverage of Canada's utility sector on Friday, seeing valuations "powered by electricity." The Globe's David Leeder writes in the Eye On Equities column that Mr. Mould says: "We believe that secular electrification trends favour the opportunity set for electric utilities and support premium valuations. We believe jurisdiction is an important differentiator, as some markets are materially more constructive. ... We anticipate ongoing decarbonization through investments for ratepayer benefit (lower costs and volatility). ... We expect gas utilities will remain essential for meeting winter peaks." Mr. Mould rates Atco "hold" with a $56 share target. Analysts on average target the shares at $55.86. Mr. Mould says in a note: "We forecast more muted growth for ATCO relative to utility peers. ATCO trades at a discount to its historical average; we believe its current valuation appropriately reflects its utility asset base, growth outlook for its non-utility businesses, and holding company structure." The Globe reported on April 4 that CIBC World Markets' Mark Jarvie rated Atco "outperform." It was then worth $50.21.