Raymond James lowered the firm’s price target on Colliers International (CIGI) to $170 from $175 and keeps an Outperform rating on the shares. Colliers had a weaker than expected print for Q4 and cautious outlook for 2025, causing a “knee-jerk” reaction in the share price on Thursday, the analyst tells investors in a research note. The pace of the recovery is the biggest unknown, trade policy uncertainty notwithstanding, with the worst of the commercial real estate sector’s troubles in the rearview, the firm contends.
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Read More on CIGI:
- Colliers International Reports Robust 2024 Growth
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- Colliers International Reports Robust Financial Growth for 2024
- Colliers sees FY25 high single digit to low teens % revenue growth
- Colliers International reports Q4 adjusted EPS $2.26, consensus $2.38