Canaccord Lowers CGI Inc. (GIB) PT to C$150 While Maintaining Buy Rating

Group 1 - CGI Inc. is considered one of the most undervalued Canadian stocks by hedge funds, with Canaccord lowering its price target to C$150 from C$155 while maintaining a Buy rating [1] - TD Securities has transferred coverage of CGI to analyst David Kwan, who maintains a Buy rating with a price target of C$145, highlighting CGI's potential for organic growth and margin improvements [2] - Scotiabank analyst Kevin Krishnaratne has initiated coverage of CGI with a Sector Perform rating and a price target of C$140, citing concerns over the company's exposure to discretionary IT spending and ongoing soft sales trends [4] Group 2 - CGI Inc. provides IT and business process services across various regions, including Western & Southern Europe, the US, Canada, and Asia Pacific [5]