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CGI assumed with a Sector Perform at Scotiabank

Scotiabank analyst Kevin Krishnaratne assumed coverage of CGI (GIB) with a Sector Perform rating and C$140 price target The firm cites the company’s exposure to discretionary IT spending for the neutral rating. CGI’s Systems Integration and Consulting segment has been posting book-to-bill ratios of less than100% over the past several quarters, contributing to softer sales trends, and this will persist through at least the first half of 2026, As previously reported,

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