TD Securities resumed coverage of WSP Global (WSPOF) with a Buy rating with a price target of C$335, up from C$330. The firm views the acquisition of TRC, which is expected to be immediately accretive to EPS, positively, both strategically and financially. TD believes the deal “further bolsters WSP’s already strong exposure to and capabilities in the high-growth Power & Energy sector, and positions it as the largest engineering and design firm in the U.S.”
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