CGI Price Target Cut to $110.00 at Stifel Canada, on More Conservative Growth Outlook

-- Stifel Canada on Thursday cut its price target on shares of CGI (GIB-A.TO) by $18.00 to $110.00 on a "more conservative growth outlook" after the company reported its second-quarter results.

In a note, analyst Suthan Sukumar, who is maintaining a buy rating on the company, said his key takeaway from the results is CGI's reaffirmed expectations for improved organic growth over the fiscal year. "The bookings softness in the quarter doesn't help much with visibility, but appears transitory and was largely driven by European deal slippage that has already begun to normalize," Sukumar notes.

Accelerated system integration and consulting (SI&C) bookings reflect stronger client spending intentions around AI and cyber. This, combined with a rebounding US Federal segment, robust public-sector demand, and sustaining financial services strength, help support a path to organic growth over the year. M&A also remains a potential upside catalyst.

CGI now trades at a decade-plus trough P/E multiple of 9x. Stronger organic growth is the primary factor to support a re-rate, which may take time given a difficult macro backdrop, particularly in Europe (~50% of revenues), Sukumar adds.

Price: $88.26, Change: $-1.52, Percent Change: -1.69%

Research Alert: CFRA Reiterates Strong Buy Opinion On Shares Of Lithia Motors Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target by $25 to $375, based on a 2027 P/E of 9.0x, a modest discount to LAD's 10-year forward P/E of 10.3x. We reduce our adjusted EPS estimates to $35.30 from $39.25 for '26 and to $41.80 from $43.20 for '27. Following LAD's Q1 earnings beat, we are lowering our estimates and price target but reiterating our Strong Buy on the shares. LAD remains our top pick in auto retail, as the company continues to outperform in a more challenging environment for dealerships. LAD's same-store-sales growth is outperforming peers by a wide margin and its combination of aggressive share repurchases and accretive acquisitions is helping support its bottom line. Impressively, LAD bought back ~4% of total outstanding shares in Q1 after retiring 11% of its share count in 2025. We find LAD's current risk/reward compelling with significant upside potential in a more favorable demand environment, continuing to view the long-term growth story as intact and noting management's history of solid execution.

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Kinross Gold Maintained at Buy at Stifel Canada Following Q1 Results; Price Target Kept atC$65.00

Stifel Canada on Thursday maintained its buy rating on the shares of Kinross Gold (K.TO, KGC) and its C$65.00 price target following the company's first-quarter results."Kinross reported Q1/26 adjusted EPS of $0.71 vs. our $0.69 (consensus: $0.72) on attributable GEO production of 492.6Koz vs. our 489.8Koz (consensus: 481.8Koz) at attributable cost of sales of $1,380/GEO and AISC of $1,732/GEO which were in-line and within the FY26 guidance ranges ($1,360 +/- 5% and $1,730 +/- 5%, respectively). Adjusted Q1/26 EPS absorbed a $91Mln withholding-tax charge, of which $65Mln relates to taxes payable in future quarters tied to repatriation of Mauritania cash flows. Record Q1/26 attributable FCF of $837.5Mln implies FCF/GEO ex-WC of $2,656/GEO (+$1,034/GEO or +63.8% QoQ vs. +$722/oz or +17.4% in gold price). Kinross repurchased $250.1Mln in shares in Q1/26 (plus $50Mln in April) and reaffirmed its 40%-of-FCF return-of-capital target. We estimate approx. $1.3Bln for share buybacks in 2026 (vs. $0.6Bln in 2025) or 3.4% of shares outstanding (vs. 2.5% in 2025). Q1/26 total liquidity stood at $3.9Bln, including $2.2Bln of cash (+$443Mln QoQ)," analyst Ralph Profiti wrote.(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://www..com/contact-us)Price: $40.93, Change: $+0.07, Percent Change: +0.17%

$K.TO$KGC

Stifel Nicolaus Raises ONEOK Price Target to $99 From $91

ONEOK (OKE) has an average rating of overweight and mean price target of $94.65, according to analysts polled by FactSet.(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://www..com/contact-us)Price: $91.91, Change: $+2.59, Percent Change: +2.90%

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