The Globe and Mail reports in its Wednesday, May 14, edition that TD Cowen analyst David Kwan has reaffirmed his "buy" recommendation for Constellation Software. The Globe's David Leeder writes in the Eye On Equities that Mr. Kwan bumped his share up by $50 to $5,600. Analysts on average target the shares at $5,212. Mr. Kwan says in a note: "We expect the stock to pull back from its all-time high, given the disappointing Q1/F25 results. Following the slump in Q1, we expect M&A activity to rebound in the coming quarters (post-Q1 M&A spend helps support our view) that should help the stock get back to/through the current high. We think its defensive business model and proven M&A-driven growth model should help it continue to outperform." The Globe reported on Nov. 12 that Mr. Kwan continued to rate Constellation "hold." The shares could then be had for $4,489.90. The Globe reported on April 11 that Mr. Kwan had upgraded his recommendation for Constellation to "buy." The shares were then going for $4,549.67,