RE:Another ViewAnd more. GLTA
Do you have any idea why ATS has lost 15% of its value, within less than a month ($55 from the high of $64) ? Despite the company posting solid results, the stock has failed to gain any traction. This company, we know, is one of your favourites in the group. Is there any change in your thesis ? If not, should it be a great buying opportunity to add ?
TD did cut its target price on ATS last week, from $81 to $70, but we see no other relevant news. It is still up 30% YTD, but the market has had an ugly August, as higher yields and economic concerns kick in again. But our thesis doesn't change here. The numbers and backlog and outlook remain solid.