Inside the Market’s roundup of some of today’s key analyst actions
) US$1.78-billion acquisition of Power Engineers, National Bank’s Maxim Sytchev thinks “the strong getting stronger,” seeing the Montreal-based professional services firm establishing “market leadership” in a new business segment., which has with “a leading presence” in the Power & Energy sector, the analyst said WSP is now “gaining leadership within a secularly accelerating vertical.”
“Fundamentally, the appeal of the Power deal is very straightforward. WSP gains exposure to highly -regulated and defensive end -markets seeing structurally accelerated growth with the best visibility we’ve seen in a generation; Power’s 12-year organic revenue CAGR stands at more than 10 per cent, and has accelerated further post -2020. This is compounded by the company’s U.S. revenue skew and multi -decade relationships with blue chip clients.
“The proposed transaction would see 4,000 employees join WSP, significantly expanding the Company’s exposure to the power and utilities sector, with Power reporting an 10-per-cent organic growth CAGR over the past decade,” said Mr. Murray.
Reiterating a “sector perform” recommendation for Iamgold, Mr. Parkin raised his target to $8.50 from $7. The current average is $7.47. “G1 and G2 will be the most efficient gas baseload facilities in Canada and will likely be very attractive to tech companies looking to power AI/data centres in Alberta.”“We believe we are still conservative on capacity factors within the Alberta commercial segment, and the recent U.S. acquisitions could continue to outperform expectations — which could drive further upside,” he said. “Our new 2025 EBITDA and adjusted FCF/share estimates are $1.502-billion and $6.55 .
“CPX offers investors deep value and exposure to a balanced approach to the energy transition, and is a top way to play the AI/data centre theme. We believe CPX remains uniquely positioned to benefit as we move further into the reliability era,” said Mr. Stadler.), National Bank analyst Don DeMarco remains “positive heading into a back-end loaded year” as its Kiena mine in Quebec continues to ramp up.
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