Q: Stantec took a big hit yesterday, any reason that you are aware of? Of the following three which company do you prefer and why? Atrl, WSP and STN? Thank you for your excellent service.
5i Research Answer:
Yesterday STN saw several brokerage target price movements. $168 from $153 at RBC; $175 to $169 at Stifle; $158 to $160 at Desjardins. There was no other news but markets are clearly in a selling mood right now. We like WSP for its larger diversity but STN has outperformed and we would be happy with either. ATRL is improving and may be good for those interested in the nuclear sector specificall but we do prefer the others.