01:41 PM EDT, 08/20/2024 (MT Newswires) -- BMO has kept its Outperform rating and $257 target on WSP Global ( WSPOF ) after coming off research restriction following the completion of the equity offering to support the acquisition of Power Engineers.

"The transaction bolsters WSP's position in the high-growth power & energy sector and should result in meaningful cost and revenue synergies over time," writes analyst Devin Dodge.

The deal is immediately accretive to Adjusted EPS, and Dodge believes there is upside risk to BMO's 2025/2026 estimates from better-than-expected synergies.

Price: 222.74, Change: -0.10, Percent Change: -0.04