TD Securities has elevated Constellation Software (CNSWF, Financial) to a Buy rating, updating its price target to C$5,550 from the previous C$5,250. This shift comes as the stock slipped approximately 12% from its near-record high following a Q4 report that met expectations last month.
The analyst behind the decision pointed to the recent decline in Constellation Software's share price and the company's robust business model as pivotal reasons for the upgrade. This strategic adjustment indicates confidence in the company's ability to rebound and continue delivering value to investors.
