The Globe and Mail reports in its Wednesday edition that Stifel's Suthan Sukumar has reaffirmed his "buy" recommendation for CGI. The Globe's David Leeder writes that Mr. Sukumar slashed his share target by $32 to $128. Analysts on average target the shares at $147.46. Mr. Sukumar says in a note: "CGI is reporting FQ2 earnings pre-market on Wednesday. An elevated cost takeout environment should bode well for continued demand strength in managed services, while also helping clients free up capital for broader AI investment, benefiting end-to-end providers like CGI with an expanding pipeline of AI-readiness work and a steady stream of strategic AI partnerships to unlock greater enterprise AI adoption. Macro uncertainty remains the key factor given the conflict and tariff impacted end-markets, but recent industry results suggest more stability in the backdrop, bolstered by enduring strength in pockets like financial services and government. All in, we expect a solid print to reaffirm durability and a stronger growth trajectory over the year, vs. the market's sustaining AI disruption fears. At a decade plus low valuation at 10 times P/E, risk-reward looks appealing, particularly with more M&A upside potential ahead."