The Globe and Mail reports in its Wednesday, July 6, edition that in response to its acquisition of a 75-per-cent interest in Versus Capital, a Denver-based alternative real asset management firm, Scotia Capital analyst George Doumet raised his Colliers International Group share target to $165 (U.S.) from $160 (U.S.) with a "sector outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $159.86 (U.S.). Mr. Doumet says in a note: "We see merits to the acquisition, notably expanded private wealth distribution capabilities and further cross-selling opportunities between CIGI IM and Versus investor bases. We expect the acquisition to transact in the 11-times EBITDA range, in line with other more recent IM transactions (including Basalt and Rockwood). This is also in line with CIGI's current valuation and provides the company with a higher-growth/higher-margin business." The Globe reported on June 8 that Mr. Doumet continued to rate Colliers "sector outperform." The shares could then be had for $119.18 (U.S.).