The Globe and Mail reports in its Friday edition that Desjardins Securities analyst Jerome Dubreuil has reaffirmed his "buy" recommendation for CGI. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Dubreuil lowered his share target to $154 from $155. Analysts on average target the shares at $148.69, down from $150.85 a month ago. The Globe reports that Mr. Dubreuil believes the market overreacted Wednesday to CGI reporting a slowdown in its organic growth given that the IT consulting company still has strong bookings. Mr. Dubreuil says in a note: "While clients' assessment of AI and macro uncertainty could lead to softer near-term demand in the IT market, we believe CGI's focus on return on investment-generating solutions and strong exposure to the government vertical -- which is currently a source of high growth -- will help bridge over the near-term uncertainty. CGI's 3Q book-to-bill ratio of 121 per cent was the strongest in nine quarters, thanks notably to strong demand from the U.S. federal government. We believe there is potential for continued strength in the segment in 4Q FY23 as the government's last fiscal quarter (also in September) is typically busy for contract allocations."