Kinaxis Upgraded, CGI Downgraded at CIBC

MT Newswires Live
Dec 15, 2025

CIBC Capital Markets upgraded Kinaxis Inc. (KXS.TO) and downgraded CGI Inc. (GIB-A.TO, GIB).

Analyst Stephanie Price raised her rating on Kinaxis to Outperformer from Neutral, and increased her price target on shares of the Ottawa-based software company to $203 from $201.

In a note to clients, Price said the upgrade is a result of "increased confidence in Kinaxis's growth profile."

The analyst reduced her rating on CGI to Neutral from Outperformer, and lowered her price target on the Montreal-based IT consulting company to $139 from $149.

In her report on CGI, Price said "we expect near-term volatility to continue amid demand uncertainty."

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