The Globe and Mail reports in its Friday, Feb. 9, edition that RBC analyst Jimmy Shan is sticking with his "outperform" recommendation for Colliers International Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Shan's share target soared $29 to $150 (all figures U.S.). Analysts on average target the shares at $139.50. Mr. Shan says in a note: "Q4 was slightly ahead. 2024 guide was largely in line. That said, there were more positive takeaways from the call. Colliers International struck a reasonably confident tone in its outlook. Buyer sentiment seems to be improving while Colliers is gaining market share in CM in a tough market. Importantly, Colliers seems to be busy on the acquisition front with a full pipeline. Our target multiple is increased to 13 times from 12 times to better reflect private market valuation of its IM platform." The Globe reported on Dec. 23 that Mr. Shan had reaffirmed his "outperform" call on Colliers when it could be had for $122.59. The Globe reported on Jan. 5 that National Bank Financial analyst Maxim Sytchev had cut Colliers to "sector perform" from "outperform." He said he cut his rating because of "excessive investor optimism." It was then worth $114.67.