ATS Corporation downgraded to Sector Perform from Outperform at Scotiabank

Scotiabank downgraded ATS Corporation to Sector Perform from Outperform with a price target of C$61, down from C$64. In the last few years, ATS has become “an undisputed earnings compounder,” but the firm believes organic growth, which has been accelerated via-outsized growth in Transportation, is at risk of normalizing in the next twelve months, the analyst tells investors.