The Globe and Mail reports in its Friday, Nov. 14, edition that Ventum Capital Markets analyst Amr Ezzat has upgraded Computer Modelling Group to "buy" from "hold." The Globe's David Leeder writes that Mr. Ezzat continues to target the shares at $7.50. Analysts on average target the shares at $7.29. Mr. Ezzat thinks Computer Modelling's business is entering "a multi-pronged inflection point." Computer Modelling makes software to evaluate underground oil and gas reservoirs. Mr. Ezzat says Computer Modelling is now trading at a 10-year low on an enterprise value to next 12-month projected earnings before interest, taxes, depreciation and amortization basis. Mr. Ezzat says in a note: "(1) Organic recurring revenue is set to return to growth in Q4/F26 and remain positive through F2027. (2) Shell's full commercial deployment marks one of the highest-value recurring contracts in Computer Modelling's history, validating both technology and pricing. (3) Margins appear to have bottomed, with a meaningful lift expected next quarter. (4) With a record acquisition pipeline, rising inbound interest, and a newly secured $100-million credit facility, we expect M&A activity to accelerate from an already solid pace."