11:55 AM EST, 03/07/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our target price to CAD4,056 from CAD3,215, on a P/E of 38x our 2024 EPS view of $79.22, above its three-year average, converted to CAD. We increase our 2024 EPS forecast to $79.22 from $72.70, and initiate our 2025 EPS projection at $94.75. CSU posted Q4 revenue of $2.32B, a beat of $48.4M, and non-GAAP EPS of $23.88, above consensus estimates by $5.58. Total revenue increased 25.8% Y/Y, exceeding expectations due to the acquisitions CSU made during the quarter. Organic growth was 6% in Q4 (4% after adjusting for FX headwinds), while organic growth for the full year was 5%. Expenses rose 23% Y/Y to $1.71B. We like that expenses as a percentage of total revenue in Q4 (73.7%) improved 140 bps when compared to the same quarter of the prior year, and expense growth is below its top-line increase, reflecting better cost management and discipline with acquisitions. Operating cash flow was up 28% Y/Y. CSU also reaffirmed its $1 per share dividend, unchanged from the previous quarter.