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Stantec price target raised to C$175 from C$165 at Canaccord

Canaccord raised the firm’s price target on Stantec (STN) to C$175 from C$165 and keeps a Buy rating on the shares. The firm met with management and continues to view the shares as a long-term holding, capable of around 15% average annual top-line growth roughly split equally between organic and inorganic sources.

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