The Globe and Mail reports in its Thursday, May 28, edition that National Bank Financial analyst Doug Taylor continues to rate CGI "outperform." The Globe's David Leeder writes that Mr. Taylor gave his share target a $15 trim to $135. Analysts on average target the Class A shares at $113.96. Mr. Taylor says in a note: "CGI's broad IT services exposure positions it at the centre of a very transitional (and pivotal) time for systems integration and managed IT services businesses. Combined with pressure on U.S. government budgets, organic growth has been challenged, driving resulting pressure on multiples. With that said, we maintain a positive view given what remains a very inexpensive valuation (6.7 times NTM EBITDA) and the company's proven ability to deploy its strong cash generation to drive EPS accretion through both capital structure buybacks and deleveraging -- and through accretive M&A." The Globe reported on April 29 that Stifel analyst Suthan Sukumar had reaffirmed his "buy" recommendation for CGI. The shares could then be had for $100.64. The Globe reported on May 1 that RBC Capital analyst Paul Treiber had lowered his call for CGI to "sector perform" from "outperform." It was then worth $90.41.