CGI Inc. price target raised to C$145 from C$130 at RBC Capital

RBC Capital analyst Paul Treiber raised the firm’s price target on CGI Inc. to C$145 from C$130 and keeps an Outperform rating on the shares. Despite the solid Q1, the company’s growth is still likely to slow in coming quarters given the tougher comps, the analyst tells investors in a research note. The firm maintains a positive view on CGI shares however given the company’s strong execution, resilient cash flows and a counter-cyclical M&A model.