The Globe and Mail reports in its Wednesday, Oct. 16, edition that CIBC World Markets analyst Stephanie Price has elevated her recommendation for CGI to "outperformer" from "neutral." The Globe's David Leeder writes in the Eye On Equities column that Ms. Price's share target soared $23 to $178. Analysts on average target the shares at $165.57. Ms. Price says in a note: "We view CGI as a well-run, defensive name in the current environment. CGI is well positioned in the resilient government vertical, with upside from AI opportunities and M&A. CGI has solid FCF generation and a focus on shareholder return through buybacks and its recently announced a 15-cent quarterly cash dividend initiation." The Globe reported on June 21 that Ms. Price had lowered her rating for CGI to "neutral" from "outperformer." The shares could then be had for $135.95. The Globe reported on July 30 that BMO Nesbitt Burns analyst Thanos Moschopoulos continued to rank CGI "outperform." It was then worth $149.60. The Globe reported on Aug. 2 that Desjardins Securities analyst Jerome Dubreuil had reaffirmed CGI at "buy." The shares could then be had for $151.05.