Societe Generale analyst Derric Marcon downgraded CGI Inc. to Hold from Buy with a C$126 price target. The company’s results last week confirmed its good recent momentum but also some weakness on margins, Marcon tells investors in a research note. The analyst believes CGI shares are now close to fair value.
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Read More on GIB:
- CGI Inc. downgraded to Hold from Buy at Societe Generale
- CGI Inc. price target raised to C$130 from C$126 at Desjardins
- CGI Inc. price target raised to C$134 from C$130 at Raymond James
- CGI Inc. price target raised to C$135 from C$130 at Scotiabank
- CGI Inc. reports Q4 adjusted EPS C$1.56 vs. C$1.51 last year