CIBC Downgrades CGI INC to Neutral, Lowers Price Target to C$151
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Stephanie Price has downgraded CGI INC (TSX:GIB) from Outperformer to Neutral and lowered the price target from C$165 to C$151.
June 21, 2024 | 3:59 pm
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CIBC analyst Stephanie Price downgraded CGI INC from Outperformer to Neutral and reduced the price target from C$165 to C$151.
The downgrade from Outperformer to Neutral and the reduction in the price target by CIBC is likely to negatively impact investor sentiment and could lead to a short-term decline in the stock price of CGI INC.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100