RE:Bastien: might be the better one to own over the next 12 m Thx Fab. Reformated below.
SNC-Lavalin will likely pique investor interest once the lump sum turnkey
projects are fully completed,
Frederic Bastien and Bryan Fast of Raymond James says in a note.
They say LSTK Projects accounted for much of the negative variance to
the bottom-line forecast, with a loss of C$150M that far exceeded
Raymond James' target for a loss of C$55M and the consensus
expectations of a loss of C$59M. The analysts say SNC-Lavalin has
disappointed on this front, and that it "may not be painted with the same
high-quality brush as its Canadian peers for some time, but it might just
be the better one to own over the next 12 months."