The Globe and Mail reports in its Friday edition that RBC Capital analyst Jimmy Shan has reaffirmed his "outperform" recommendation for Colliers International Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Shan gave his share target a $2 (U.S.) boost to $138 (U.S.). Analysts on average target the shares at $127.96 (U.S.). Mr. Shan says in a note: "Colliers reported a good Q2, considering tough CM conditions and peers' results. Geographically, APAC stood out and offset some of the weakness in CM. CIGI also implemented cost control which helped offset margin decline. Importantly, 2023 guidance was maintained, which implies 10-per-cent AEBITDA year-over-year growth and healthy pickup in margin in H2/23E vs H2/22. While our estimate remains 9 per cent below guide, the cost-cutting initiatives and the possibility of new funds in IM to close by Q4 provide potential upside to our estimates." The Globe reported on May 4 that National Bank Financial analyst Maxim Sytchev had reaffirmed his "outperform" recommendation for Colliers when it could be had for $90.16 (U.S.). The Globe reported on June 1 that Mr. Shan rated Colliers "outperform" in new coverage. It was then worth $90.03 (U.S.).