The Globe and Mail reports in its Friday, Jan. 12, edition that CIBC World Markets analyst Jacob Bout named AtkinsRealis (formerly SNC-Lavalin Goup) his "top pick" for the year ahead, reaffirming an "outperformer" rating with a $57 share target, up from $51. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $50.67. Mr. Bout says in a note: "AtkinsRealis's strategy to pivot toward a fully integrated professional services and project management company is working, and we continue to believe that as it works through the LSTK backlog (and significantly improves its cash flow conversion), the valuation gap vs. peers should continue to narrow. Organic growth should continue to remain strong in 2024 (though should moderate vs. very solid levels in 2023) on the back of record services backlog, strong fundamentals in key regions, and an improved nuclear backdrop. Catalysts for 2024 include an Investor Day on June 13, possible divestment of Linxon, potential LSTK project cost recoveries, and M&A optionality toward the back end of 2024 following a step-up in FCF/balance sheet improvement. With this report, we are rolling out our 2025 estimates."