The Globe and Mail reports in its Tuesday, April 23, edition that RBC analyst Paul Treiber has reaffirmed his "outperform" recommendation for Constellation Software. The Globe's David Leeder writes that Mr. Treiber has an unchanged share target of $4,300. Analysts on average target the shares at $4,010. Mr. Treiber expects few surprises from first quarter earnings season in Canada's technology sector, predicting most companies will match the Street's expectations. Mr. Treiber says in a note: "Constellation's solid YTD [year-to-date] M&A to sustain the positive investment narrative. We expect Constellation to report solid Q1 results, with adj. EBITDA up 30 per cent year-over-year, which is slightly faster growth than Constellation's five-year average (26 per cent). Our forecast assumes organic growth normalizes to historical averages as Constellation laps CPI-based price increases. YTD M&A has been strong, though reported Q1 capital deployed on acquisitions is likely to be down from Q4 due to the acquisitions of businesses from Nokia and Conduent closing Q2." The Globe reported on March 22 that Mr. Treiber said Constellation was one of his most attractively positioned stocks. It was then worth $3,797.96.