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Posted by
Two Blokes Jun 8 -
Filed in
Stock
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18 views
Upgrading Aecon to Buy as legacy contract risks recede, backlog surges 55%, and nuclear opportunities expand with supportive policy shifts in Canada and the U.S. Margins should improve as the contract mix shifts to early-stage, higher-margin projects; recurring concession revenues and new partnership contracts reduce risk exposure. Valuation remains attractive at a significant discount to peers, with a 12-month price target of CAD 22 and further upside as legacy issues resolve.
