The Globe and Mail reports in its Thursday, Nov. 23, edition that BMO Capital Markets analyst Stephen MacLeod has an unchanged "outperform" recommendation on Colliers International Group. The Globe's Andrew Willis writes that Mr. MacLeod's share target soared to $129 (U.S.) from $107 (U.S.). Analysts on average target the shares at $120.83 (U.S.). Mr. MacLeod says in a note: "We hosted CEO Jay Hennick, CFO Christian Mayer and CEO of Real Estate Services Chris McLernon for investor meetings. The tone of the meetings reflected strong confidence in the long-term growth outlook (notwithstanding near-term macro headwinds). Progress toward enterprise '25 creates a more recurring, higher-margin professional services firm; expected to lead to multiple expansion. We see value in the stock (10.9 times 2024 estimated EV/EBITDA; SOTP valuation pushes $115-143), and believe Colliers will continue to be a multi-year compounder of shareholder value."