The Globe and Mail reports in its Wednesday edition that National Bank analyst Maxim Sytchev has reaffirmed his "outperform" recommendation for SNC Lavalin-Group. The Globe's David Leeder writes that Mr. Sytchev elevated his share target to $53 from $46. Analysts on average target the shares at $47.27. Mr. Sytchev says in a note: "The timing of AtkinsRealis's (formerly SNC) name change coincides well with its turnaround profile that remains attractive despite shares up 88 per cent year-to-date vs. flat for the TSX; that being said, 'easy' money is likely behind us as FCF/engineering execution is the primary focus for investors. Despite the YTD gains, shares have only recently crested the same absolute levels from the past 10 years, while the likes of WSP/STN have gone up by a factor of 6.7 times and 6.1 times over the same timeframe. FCF generation still will be our anchor for performance. ... Based on our numbers, the biggest positive lever for SNC's valuation is engineering margins improvement and corresponding multiple expansion. The business outlook in engineering/nuclear remains robust, something that we hear from the majority of our engineering consulting cohort."