RBC Capital lowered the firm’s price target on Colliers International (CIGI) to $170 from $174 but keeps an Outperform rating on the shares after its Q3 earnings miss. Investment Management was the main culprit for the lower adjusted EBITDA and EPS guide, though the fundraising environment is improving and the firm sees good earnings momentum for this segment in 2025, the analyst tells investors in a research note.
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Read More on CIGI:
- Colliers International Reports Strong Q3 Growth
- Colliers International upgraded to Outperform from Sector Perform at National Bank
- Colliers International Reports Strong Growth in Q3 2024
- Colliers International reports Q3 adjusted EPS $1.32, consensus $2.05
- Colliers International cuts FY24 adjusted EPS growth view to +6% to +12%