The Globe and Mail reports in its Tuesday, Dec. 5, edition that National Bank Financial analyst John Shao continues to rank TECSYS "outperform," with an unchanged Street-high share target of $46.40. The Globe's David Leeder writes that analysts on average target the shares at $46.40. The Globe says TECSYS is one of Mr. Shao's "top ideas." Mr. Shao says in a note: "TECSYS's FQ2 results resembled what we've seen in the past with unfavourable project timing lowering overall performance while the core growth driver SaaS remained solid. Whenever that temporary dip happened, it was almost certainly followed by a rebound in the subsequent quarter, and we believe this time is no exception. ... Time has allowed TECSYS to scale and expand its platform into a growing logistics powerhouse within the healthcare and retail vertical. That fortification along with growth initiatives that include strategic and operational investments and acquisitions is putting TECSYS in a position to scale into broader markets. We believe TECSYS is on the cusp of scaling into a bigger company." The Globe reported on Sept. 1 and Nov. 28 that Echelon Partners analyst Amr Ezzat rated TECSYS "buy." The shares could then be had for $22.01 and $33.78.