11:39 ET -- WSP Global's acquisition of Connecticut-based TRC further elevates the engineering consultancy's standing on the global stage, says Raymond James' Frederic Bastien. In a report, the analyst says the $3.3 billion all-cash transaction will "supercharge WSP's position in the critical and fast-growing power sector, [and] also turn it into the largest and most diversified engineering platform in the U.S." What's more, the analyst says WSP is now on track to achieve its financial targets set out in its 2025-2027 strategic plan without needing to make other acquisitions. "With this much visibility, we are comfortable rolling our valuation forward to 2027 and increasing our target by 10% to C$340," he says. The stock is trading 1.8% higher at C$251.01. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

December 23, 2025 11:39 ET (16:39 GMT)

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