The Globe and Mail reports in its Friday, April 26, edition that Canaccord Genuity analyst Robert Young is sticking with his "buy" call on CGI. The Globe's David Leeder writes in the Eye On Equities column that Mr. Young gave his share target a $6 trim to $160. Analysts on average target the shares at $162.62. The Canaccord stockpicker says in a note: "We are updating our expectations and view heading into the company's FQ2 report before market open on Wednesday, May 1. Recent reporting from IT services peers suggests a more difficult environment. We have reduced our organic growth expectations for the upcoming FQ2 quarter and consider the impact of a weaker Canadian dollar. We remain confident on underlying margin expansion which leads to less impact on the bottom line, driven by multiple factors. While weakness on shorter-term SI&C is likely a negative impact on utilization, we argue a recent slower pace of hiring is a partial offset as new hires dilute utilization. Recent SG&A optimization and typical execution on cost reduction combined with focus on adding headcount in lower cost regions such as India and increased mix of managed services (MS) and IP are supports."