The Globe and Mail reports in its Thursday, May 11, edition that Desjardins Securities analyst Benoit Poirier has reaffirmed his "buy" recommendation for SNC-Lavalin Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Poirier gave his share target a $4 boost to $42. Analysts on average target the shares at $39. "Strong" first quarter results and a lack of lump-sum turnkey project surprises from SNC-Lavalin is "boosting investor sentiment," says Mr. Poirier. He thinks its execution "provides an interesting entry point as SNC is still trading at a five times 2024 EBITDA discount to [peers] WSP Global and Stantec." Mr. Poirier says in a note: "We could see this gap narrow when the LSTK backlog is completed, given the attractiveness of the engineering sector. ... The core engineering services business is performing well above expectations -- guidance for SNCL services poised for upward revisions. The most impressive performance in the SNCL services segment came from engineering services, which is off to an excellent start and reported a 17.5-per-cent increase in organic growth for 1Q23, with revenue of $1.34-billion, above our forecast of $1.21-billion."