Alithya Group initiated with an Outperform at Barrington

Barrington analyst Vincent Colicchio initiated coverage of Alithya Group with an Outperform rating and C$3.50 price target. The company is targeting the "large and growing IT services market with a strong focus on digital transformation," the analyst tells investors in a research note. The firm believes a high portion of Alithya’s revenue involves digital transformation services, which should generate rapid growth over the next several years.