The Globe and Mail reports in its Thursday, Dec. 18, edition that CIBC World Markets analyst Mark Jarvi is sticking with his "outperformer" recommendation for Atco. The Globe's David Leeder writes in the Eye On Equities column that Mr. Jarvi boosted his share target by a loonie to $68. Analysts on average target the shares at $58.83. Mr. Jarvi says in a note: "We believe Atco offers higher growth potential and can deliver stronger EPS than the market gives it credit for. While some might be leery of the non-utility businesses, we see them as growth drivers. Neltume Ports has continued to meet/exceed our forecast and structures and logistics (S&L) has consistently delivered better results in recent years than the market assumed. We believe S&L's growth can be maintained and should benefit from growing off a lower market share in the U.S. and policy/government funding tailwinds in Canada (supports infrastructure, defence and Northern Canada initiatives). In terms of valuation, Atco is one utility trading below its 10-year P/E average (11.2 times vs. 12.9 times) and we see an attractive total return proposition." The Globe reported on April 4 that Mr. Jarvi rated Atco "outperformer." It was then worth $50.21.