The Globe and Mail reports in its Friday, Oct. 17, edition that Scotia Capital analyst Jonathan Goldman rates Stantec and WSP Global "sector outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Goldman raised his Stantec share target to $161 to $160. For WSP he hiked his share target to $308 from $306. Analysts on average target the shares of Stantec and WSP at $162.45 and $313.21. Mr. Goldman says in a note: "We expect sequential improvement in U.S. organic growth and sustained momentum in other regions. There is room for margins to surprise to the upside. Low leverage and increasingly bullish tone around M&A is a potent combination. Stantec is more likely to act in the near-term, but WSP shares have lagged Canadian peers by a wide margin year-to-date."
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