The Globe and Mail reports in its Friday, Sept. 13, edition that Raymond James analyst Daryl Swetlishoff commenced coverage on Atlas Engineered Products with a "strong buy" recommendation and $2.25 share target. The Globe's David Leeder writes that analysts on average target the shares at $2.39. Mr. Swetlishoff says in a note: "We regard Atlas as well positioned to capitalize on improving Canadian housing fundamentals. ... Atlas shares are currently trading at 10 times and 4.9 times our 2024 and 2025 EV/EBITDA estimates which represents a significant discount compared to the 2025 peer group average of 8.8 times and its historical trading range of 4 times to 10 times. Given the strong organic and M&A growth prospects, we believe the current valuation presents a favorable risk-reward scenario. We highlight the 270 basis points increase in gross margins from 2018 to 2023, despite volatile market conditions. During this period, Atlas Engineered Products has also quadrupled its revenue at a remarkable 34-per-cent CAGR. Since going public in June, 2017, Atlas Engineered shares have returned over 300 per cent, outperforming the TSX Composite (49 per cent), TSX Venture (down 32 per cent) and S&P 500 (up 124 per cent)."