The Globe and Mail reports in its Wednesday, July 24, edition that Scotia Capital analyst Himanshu Gupta is sticking with his "sector outperform" recommendation for Colliers International Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gupta raised his share target by $15 to $150 (all figures U.S.). Analysts on average target the shares at $142.50. Mr. Gupta says in a note: "[Colliers International Group] stock is up 23 per cent in month of July so far (vs S&P/TSX Composite up 3.7 per cent), as real estate brokers (CBRE [and] JLL) are all up 15 to 18 per cent on improved expectations of rate cuts. Alternative asset managers are up 11 per cent and [Canadian] REIT sector is up 7.4 per cent as well in July so far. Given the recent price move, we could expect some volatility around Q2 results as Colliers updates 2024 guidance. Based on our model, we think Colliers can achieve mid-point of full year 2024 revenue and EBITDA guidance. However, we expect 2024 EPS to be at the low end of the guidance range i.e. Scotia estimate of 10-per-cent year-over-year growth vs guidance range of 10 per cent to 20 per cent. We continue to expect superior 18.8-per-cent year-over-year EPS growth in 2025."