Beacon Securities Reiterates Buy Rating on Atlas Engineered Products Following Clinton Facility Visit

Beacon Securities analyst Russell Stanley has reiterated a 'Buy' rating on Atlas Engineered Products (AEP) with a price target of $1.00 following a visit to their new $20-million robotic roof truss manufacturing facility in Clinton, Ontario. The facility, funded by equity financing and federal government support, has commenced production and is expected to enhance productivity due to its high level of automation. Currently operating one production line, the facility is anticipated to contribute to market share growth, with the company set to report its third-quarter results in late November.