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Tecsys Price Target Raised to CA$46.00 at ATB

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ATB Cormark Capital Markets raised its price target on Tecsys Inc. (TCS.TO) to CA$46.00 from CA$41.00 on Monday.

Analyst Gavin Fairweather maintained an outperform rating on shares of the enterprise supply-chain management software company.

"Last week, we attended meetings with TCS CEO Peter Brereton and institutional investors," Fairweather said in a note to clients.

"The interactions reinforced our view that strengthening bookings, growth and margins are durable trends over our forecast horizon," the analyst said.

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