Goldman Sachs Downgrades CGI Group (GIB) to Neutral
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Price: $72.35 -1.44%
Rating Summary:
4 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 20
Rating Summary:
4 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 20
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Goldman Sachs downgraded CGI Group (NYSE: GIB) (NYSE: GIB-A) from Buy to Neutral with a price target of $22.
The firm cited limited near-term upside, given a "flat to down organic revenue trajectory in the next several quarters owing to recent contract runoffs and an increasingly challenging demand backdrop in the government sector (40% of GIB's revenue)."
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 $19.91 yesterday.
The firm cited limited near-term upside, given a "flat to down organic revenue trajectory in the next several quarters owing to recent contract runoffs and an increasingly challenging demand backdrop in the government sector (40% of GIB's revenue)."
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 $19.91 yesterday.
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