The Globe and Mail reports in its Wednesday edition that National Bank analyst Maxim Sytchev has reaffirmed his "outperform" recommendation for WSP Global. The Globe's David Leeder writes that Mr. Sytchev gave his share target a $7 boost to $212. Analysts on average target the shares at $205.29. Mr. Sytchev says in a note: "WSP remains a core holding in our coverage universe (despite shares up 22 per cent year-to-date vs 12 per cent for the S&P). With record backlog intake and only 18 per cent of IIJA funds having been allocated ($220-billion (U.S.) out of a total $1.2-trillion (U.S.) as of mid-May, as per the White House), we believe WSP's prospects for the next several years remain bright. We also fully expect the company to be opportunistic when it comes to more M&A; M&A of last year (almost 8,000 personnel) has started to contribute to company's momentum (9-per-cent organic growth year-to-date should be maintained as Q2 and Q3 are generally the strongest). With guidance having been raised post Q2/23 we do not expect any material updates re numbers." The Globe reported on March 13 that Mr. Sytchev had reiterated his "outperform" call for WSP Global when the shares were going for $172.97.