The Globe and Mail reports in its Friday, Nov. 10, edition that Desjardins Securities analyst Benoit Poirier continues to rate WSP Global "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Poirier gave his share target a $2 boost to $210. Analysts on average target the shares at $208.
Mr. Poirier says in a note: "WSP reported strong 3Q results with positive organic growth across all regions. Overall, we are not overly concerned with the potential for some IIJA funding delays as this is a long-term tailwind (peak in 2026–27) and steps are being taken to get money out the door faster. We believe WSP is well-positioned to continue increasing its win rate as 62 per cent of the disbursements so far have been allocated to transportation which, when combined with infrastructure, represents close to half of WSP's revenue." The Globe reported on Nov. 12, 2022, and May 12, 2023, that Mr. Poirier was keeping his "buy" call on WSP Global intact. The shares could then be had for $160.49 and $174.82. The Globe reported on March 13, 2023, and Oct. 11, 2023, that National Bank analyst Maxim Sytchev had reiterated his "outperform" call for WSP when the shares were going for $172.97 and $196.31.
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