The Globe and Mail reports in its Tuesday, Oct. 22, edition that RBC Dominion Securities 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's share target soared $14 to $174 (all figures U.S.). Analysts on average target the shares at $155.83. Mr. Shan thinks the idea of a potential spin-off of Colliers International Group's investment management (IM) business into a stand-alone public entity "could be gaining traction given high valuation multiples observed in both public comps and private market transactions along with its ambition to grow the business." While he does not see a move as "imminent nor have knowledge of anything in the works," Mr. Shan says in a note: "We think a spin-off has strategic merits and value-unlocking potential. Regardless of whether it occurs or not, we believe a higher value should be reflected in our valuation." The Globe reported on May 3 that Mr. Shan had reaffirmed his "outperform" recommendation for Colliers International. It was then worth $107.98. The Globe reported on Sept. 13 that BMO Capital rated Colliers "outperform," when it could be had for $146.63.