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Alithya Group Downgraded to Market Perform at Barrington

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Alithya Group Inc. (ALYA.TO) was downgraded to market perform from outperform at Barrington Research on Friday.

Analyst Vincent A. Colicchio said the reduced rating on the Montreal-based technology consulting company is "due to extended sales cycles, a weak outlook, and a lack of visibility for a return to revenue growth."

"The valuation of ALYA stock looks relatively high," Colicchio said in a note to clients.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Price: $1.07, Change: $-0.03, Percent Change: -2.73%

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