The Globe and Mail reports in its Thursday, Nov. 2, edition that ATB Capital Markets analyst Chris Murray has reaffirmed his "sector perform" recommendation for WSP Global. The Globe's David Leeder writes in the Eye On Equities column that Mr. Murray boosted his share target to $200 from $195. Analysts on average target the shares at $206.50. Mr. Murray says in a note: "We forecast organic revenue growth of 6 per cent in Q3/23, a seasonally strong quarter. We expect strong organic growth in Q3/23 to be augmented by 14.8-per-cent M&A-driven growth, with FX providing a 4.1-per-cent tailwind. We have moderately increased our organic growth expectations for 2024 and 2025. We expect WSP to deliver organic growth of 6.6 per cent and 5.5 per cent in 2024 and 2025, with healthy organic growth anticipated in all core geographies on the back of elevated infrastructure spending. M&A has contributed mid-teens revenue growth since the company completed its acquisition of the [John Wood Group] assets, which was lapped on Sept. 21, 2023. We will be looking for an update on the M&A environment with Q3/23 results, particularly given macro pressure and previous commentary around elevated multiples across the sector."