TD Securities upgraded Constellation Software (CNSWF) to Buy from Hold with a price target of C$5,550, up from C$5,250. The stock has underperformed since the in-line Q4 release a month ago, falling about 12% from a near all-time high, notes the analyst, who cites both the pullback in the stock and the company’s “defensive business model” for the upgrade.
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Read More on CNSWF:
- Constellation Software and Subsidiaries Announce Virtual Annual Meetings
- Constellation Software price target raised to C$5,250 at Raymond James
- Constellation Software price target raised to C$5,700 at RBC Capital
- Constellation Software price target raised to C$5,450 at CIBC
- Constellation Software price target raised to C$5,500 at BMO Capital