The Globe and Mail reports in its Friday, Nov. 7, edition that Desjardins Securities analyst Jerome Dubreuil continues rank CGI "buy." The Globe's David Leeder writes that Mr. Dubreuil gave his share target a $3 trim to $157. Analysts on average target the shares at $156.08. Mr. Dubreuil says in a note: "CGI's management grabbed the bull by the horns and discussed the transformative impact of AI during the earnings call. There was no denying that some adjustment is required and the company argued that it is well-positioned to support clients in deploying and integrating new solutions. We appreciated the colour on AI, which reflects management's proactive stance on the matter. CGI's 'AI-to-ROIC' approach and outcome-based pricing suggest confidence in its capabilities and a willingness to share value creation with clients. While management stated that IT budgets are not expected to shrink due to AI, we believe this view does not fully address investor concerns around the potential for AI-native players to capture a growing share of future spend. U.S. federal government makes it unlikely that we see meaningful near-term progress. ... We remain confident that U.S. federal IT spending will continue to grow in the future."