Colliers International's High-Value Service Poised For Mid-Teens ROIC: Analyst
Portfolio Pulse from Lekha Gupta
RBC Capital Markets analyst Jimmy Shan initiated coverage on Colliers International Group Inc (NASDAQ:CIGI) with an Outperform rating and a price target of $128. Shan is bullish on CIGI's globally recognized brand, high-value service, asset-light business model, and strong FCF generation. However, he is concerned about short-term growth prospects due to the frozen CRE transaction market.
May 31, 2023 | 5:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
RBC Capital Markets analyst Jimmy Shan initiated coverage on Colliers International Group Inc (NASDAQ:CIGI) with an Outperform rating and a price target of $128, citing the company's strong brand, high-value service, and asset-light business model.
The positive rating and price target from RBC Capital Markets analyst Jimmy Shan indicate a bullish outlook for Colliers International Group Inc (CIGI). The analyst's confidence in the company's strong brand, high-value service, and asset-light business model suggests potential for stock price growth in the short term. However, concerns about short-term growth prospects due to the frozen CRE transaction market may limit the upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100