The Globe and Mail reports in its Wednesday, Feb. 25, edition that TD Cowen analyst Michael Tupholme has reaffirmed his "buy" recommendation for Stantec and WSP Global. The Globe's David Leeder writes in the Eye On Equities column that Mr. Tupholme slashed his Stantec share target by $25 to $158. For WSP Global he whacked his share target back by $44 to $311. Analysts on average target Stantec and WSP Global shares at $165 and $322.88. Mr. Tupholme says in a note: "We are constructive on our covered engineering services names going into Q4/25 reporting. Our estimates are in line with consensus. We expect favourable 2026 guidance, including a pick-up in organic growth and continued healthy margin gains. We have lowered our engineering services target multiples (amid market uncertainty and AI-disruptor concerns)." The Globe reported on Oct. 28, 2025, that Mr. Tupholme continued to rate Stantec "buy." Stantec shares could then be had for $158.54. The Globe reported on Feb. 14, 2025, that Mr. Tupholme had reaffirmed his "buy" recommendation for WSP Global. The shares were then going for $249.23.