RBC Capital Markets lowered its price target on the shares of Colliers International Group Inc. (CIGI.TO, CIGI) to US$180 from US$190 on Tuesday.
Analyst Jimmy Shan maintained an Outperform rating on shares of the Toronto-based diversified professional services and investment-management company following its quarterly results on Friday.
"We think positives outweighed the negatives in the quarter," Shan said in a note to clients.
"Friday's price action seems disproportionate to the modest earnings miss, especially when 2026 guide calls for +15% earnings growth following +14% in 2025," the analyst said.
"Acknowledging that AI fears could linger (proving or disproving extent of disruption with any conviction is difficult when the disruptor is not yet known), CIGI offers investors a good opportunity to step into a mid-teen earnings grower at a very reasonable price."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 154.02, Change: -1.11, Percent Change: -0.72