The Globe and Mail reports in its Wednesday edition that Scotia Capital analyst Jonathan Goldman has resumed coverage on WSP Global with an "outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that Mr. Goldman advanced his share target by $10 to $318.. Analysts on average target the shares at $322.60. Mr. Goldman sees WSP Global's $3.3-billion (U.S.) acquisition of TRC Companies as "a home run." Mr. Goldman says in a note: "We believe investors who think the M&A machine will slow down, or that it will get more difficult to move the needle, are mistaken. The company has repeatedly demonstrated the ambition, ability and ammunition to continue DD% compounding at scale. TRC demonstrates its ability to consummate transformative deals at bolt-on multiples while pro forma leverage of 2.4 times is likely overstated given the company plans to divest part of Ricardo. The deal was significantly oversubscribed according to The Globe and Mail, which, with the private placement, shows the company has a permanent source of institutional capital. We expect shares to grind higher as investors digest the significance of transaction following a similar pattern to POWER Engineers in 2024."