RBC Capital Markets lowered its price target on ATS Corp. (ATS.TO, ATS) to $52 from $54.
Analyst Sabahat Khan maintained an Outperform rating on shares of the Canadian automation systems manufacturer.
"We are revising our F25 estimates lower to reflect a softer profit margin in Q2/F25, with sequential (albeit lower than previously anticipated) progression through H2/F25," Khan said in a note to clients.
"Overall, we believe the headwinds that ATS has been experiencing in recent quarters will prove to be transient and expect ATS's shares to trend higher as the macro environment stabilizes and as the company's revenue mix reverts toward its historical 'staples-like' exposure," the analyst said.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
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