The Globe and Mail reports in its Friday, July 21, edition that CIBC World Markets analyst Jacob Bout has reaffirmed his "outperformer" call on WSP Global. The Globe's David Leeder writes that Mr. Bout jacked his share target up by $3 to $191. Analyst on average target the shares at $194. Mr. Bout says in a note: "While there are some pockets of weakness (most notably parts of Asia and the Nordics), operating conditions in key regions such as Americas, Canada, Australia, New Zealand, and EMEIA remain healthy. North America is performing particularly well, and we expect U.S. backlog to outpace revenue use in 2023 (i.e., book-to-bill above one times) as the [$1-trillion Infrastructure Investment and Jobs Act] plan funds continue to be disbursed to state/local governments. We would not be surprised to see WSP move its 2023 adjusted EBITDA guidance range higher along with Q2/23 results (we think WSP's current 2023 organic net revenue guidance of 3 to 6 per cent is conservative). We are raising our 2023 and 2024 estimates slightly to reflect slightly higher organic revenue growth." The Globe reported on May 12 that Desjardins analyst Benoit Poirier was keeping his "buy" call on WSP Global intact. It was then worth $174.82.