The Globe and Mail reports in its Wednesday, Jan. 3, edition that TD Cowen analyst David Kwan raised his share target on Constellation Software to $3,450 from $3,250 amid a busy start to the year on the software firm's M&A front. The Globe's Darcy Keith writes in the Eye On Equities column that analysts on average target the shares at $3,268. On Dec. 28, Constellation announced an agreement to acquire the curbside management and public safety businesses from U.S. firm Conduent. Mr. Kwan says in a note: "Constellation is continuing to deploy its free cash flow on M&A at an elevated pace, with several large transactions expected to close in Q1/F24, including the Conduent CM/PS businesses, CREALOGIX, and Lumine's Nokia Device Management/Service Management carve-out. We estimate that these three deals alone account for about $500-million in upfront consideration." The Globe reported on May 17, June 1 and Nov. 10 that RBC analyst Paul Treiber continued to rate Constellation Software "outperform." The shares could then be had for $2,614.91, $2,740.02 and $3,034. The Globe reported on Aug. 15 that BMO Capital analyst Thanos Moschopoulos rated Constellation "outperform" when it could be had for $2,669.94.