CGI Group weakness creates buying opportunity, says RBC Capital RBC Capital believes that the 15% drop in CGI's stock over the last two months is overdone. and creates a buying opportunity for long-term investors. The firm thinks the stock has a number of upcoming positive catalysts and keeps a $45 price target and Outperform rating on the shares.
News For GIB From The Last 14 Days
Check below for free stories on GIB the last two weeks.
On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: Altria Group (MO) initiated with an Outperform at Cowen... Berkshire Hills Bancorp (BHLB) initiated with a Hold at Jefferies... CGI Group (GIB) initiated with an Outperform at Credit Suisse... Halozyme (HALO) initiated with an Overweight at JPMorgan... Lorillard (LO) initiated with an Underperform at Cowen... MacroGenics (MGNX) initiated with an Outperform at Oppenheimer... Philip Morris (PM) initiated with a Market Perform at Cowen... Prothena (PRTA) initiated with an Outperform at Oppenheimer... Reynolds American (RAI) initiated with a Market Perform at Cowen... Seventy Seven Energy (SSE) initiated with a Buy at Wunderlich... SouFun (SFUN) initiated with a Neutral at Macquarie... Sprouts Farmers Markets (SFM) initiated with a Neutral at Longbow... Sterling Bancorp (STL) initiated with a Buy at Jefferies... Xencor (XNCR) initiated with an Outperform at Oppenheimer... YPF (YPF) initiated with a Neutral at JPMorgan... iGATE (IGTE) initiated with an Outperform at William Blair.
CGI Group names Francois Boulanger as CFO CGI Group announced that, effective October 1, Francois Boulanger currently senior vice president and Corporate Controller will assume the position of executive vice president and CFO. This follows the planned retirement of R. David Anderson, who will stay on in an advisory capacity through the end of January, 2015.