Investors Selling RIM (RIMM) Should Rotate Into CGI Group (GIB) - Goldman Sachs
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Goldman Sachs is telling clients to rotate out of RIM (Nasdaq: RIMM) and into their top Canadian IT recommendation - CGI Group (NYSE: GIB).
The firm sees 14% upside to their $25 price target.
"Simply put, for Canadian investors looking to rotate out of RIMM, CGI presents a compelling stock offering diversified exposure to the North American consulting and systems integration end market, a stable operating margin profile, and aggressive capital stewardship to drive mid-teens EPS growth through 2013."
For more ratings news on CGI Group click here and for the rating history of CGI Group click here.
Shares of CGI Group closed at $22.04 yesterday.
The firm sees 14% upside to their $25 price target.
"Simply put, for Canadian investors looking to rotate out of RIMM, CGI presents a compelling stock offering diversified exposure to the North American consulting and systems integration end market, a stable operating margin profile, and aggressive capital stewardship to drive mid-teens EPS growth through 2013."
For more ratings news on CGI Group click here and for the rating history of CGI Group click here.
Shares of CGI Group closed at $22.04 yesterday.
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