02:29 PM EDT, 05/15/2024 (MT Newswires) -- National Bank provided a synopsis of the conference calls for AtkinsRealis and Bird Construction ( BIRDF ).

AtkinsRealis: With enough of a delta to the consulting cohort, the multiple expansion story remains unabated as FCF visibility is much more real now, writes National Bank's Maxim Sytchev. Target raised to $61, from $57, on less FCF drag and absorption of O&M into Engineering that carries a structurally higher multiple, as well as stronger near-term growth for the 407 ETR. Maintain Outperform.

Bird Construction ( BIRDF ): Shares are having a strong start to the year. Bird management expects double-digit topline advancement in 2025E as well, "but at 6.6x 2025E EV/EBITDA on increased numbers, we believe shares do not represent mispricing when it

comes from upside / downside dynamic."

Target raised to $21 (from $18). Maintain Sector Perform.

Price: 54.48, Change: -1.39, Percent Change: -2.49