The Globe and Mail reports in its Wednesday, March 5, edition that CIBC World Markets analyst Scott Fletcher, seeing "a more diversified business," commenced coverage on Colliers International Group with an "outperformer" recommendation and a $160 target (all figures U.S.) The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $169.14. Mr. Fletcher says in a note: "While the timing and extent of a commercial real estate (CRE) recovery remain somewhat uncertain, Colliers's earnings profile has shifted materially in recent years and we believe there is valuation upside given reduced transactional exposure. CIGI has an established 10-year track record of effective capital allocation and compounding earnings and cash flows, and we believe a more diversified business mix will support continued growth." The Globe reported on Jan. 24 that Stifel analyst Daryl Young had reaffirmed his "buy" recommendation for Colliers. It was then worth $202.53. The Globe reported on Feb. 7 that National Bank Financial analyst Maxim Sytchev had reaffirmed his "outperform" recommendation for Colliers. The shares were then going for $193.22.