BMO Capital Maintains Outperform Rating for Colliers Intl Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has reaffirmed its Outperform rating on Colliers Intl Gr (NASDAQ:CIGI) and increased its price target from $107.00 to $129.00. Despite the positive outlook, Colliers Intl Gr's shares have fallen by 2.95% to $102.90. The new price target suggests a potential upside of 25.36%. Colliers is a global real estate services and investment management firm operating in over 60 countries, offering a wide range of services to various stakeholders in the property market.
November 22, 2023 | 5:00 pm
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BMO Capital maintains an Outperform rating on Colliers Intl Gr and raises the price target to $129, suggesting a significant upside from the current price despite a recent drop in share value.
The reaffirmation of the Outperform rating and the increase in price target by BMO Capital are strong positive signals for investors, indicating analyst confidence in Colliers Intl Gr's future performance. Although the stock has recently declined, the new price target represents a substantial potential increase, which could influence investor sentiment and drive short-term price movement upwards.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100