The Globe and Mail reports in its Wednesday, Jan. 31, edition that Desjardins Securities analyst Jerome Dubreuil has reaffirmed his "buy" rating for Converge Technology Solutions. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dubreuil boosted his share target by a loonie to $6. Analysts on average target the shares at $5.85. Mr. Dubreuil thinks the fourth quarter of fiscal 2023 could be "the bottom" for Canadian information technology service providers, emphasizing "growth is decelerating but forward guidance is becoming more optimistic." He says Converge Technology is his "top pick" ahead of earnings season. Mr. Dubreuil says in a note: "Global peers' results so far this earnings season signal further challenges in revenue growth for IT services companies under our coverage given the ongoing challenges of prolonged sales cycles and difficulties in converting pipelines into actual sales. ... [Converge Technology] stock has risen more than 20 per cent since 3Q earnings (vs 7 per cent for the S&P/TSX Index), and we believe the company is on the right track in terms of asset integration initiatives and earnings visibility."