CGI price target raised to C$170 from C$160 at BMO Capital

BMO Capital raised the firm’s price target on CGI to C$170 from C$160 and keeps an Outperform rating on the shares ahead of the company’s upcoming Q3 earnings results. The firm expects “roughly in line” results based on its view that the IT services spending environment has been “relatively stable in recent weeks.” BMO continues to view the stock as attractive.