The Globe and Mail reports in its Friday, Aug. 2, edition that Raymond James analyst Frederic Bastien has downgraded Colliers International Group to "outperform" from "strong buy." The Globe's David Leeder writes that Mr. Bastien share target soared $10 to $160 (all figures U.S.). Analysts on average target the shares at $150.50. Mr. Bastien made his changes following "impressive" share price gains over the last month. He says in a note: "As a result CIGI shares are up 39 per cent over the past year, versus a 19-per-cent gain for the S&P 500, and now trade more in-line with other professional services firms. ... To be clear, there are many reasons to stay constructive on Colliers, especially with the worst of the commercial real estate sector' s troubles in the rearview. The company is a globally respected CRE player with unique entrepreneurial capabilities, a sought-after manager of niche alternative investments, and a budding engineering and design practice exposed to generational infrastructure investments. This powerful combination, in our view, is sure to compound shareholder value well past our forecast horizon." The Globe reported on May 3 that RBC rated Colliers "outperform." It was then worth $111.57.