Colliers International (CIGI) Upgraded by Raymond James

Core Viewpoint - Colliers International (NASDAQ:CIGI) is recognized as one of the top real estate services stocks to buy, with a recent upgrade from Raymond James analyst Frederic Bastien indicating significant upside potential for the stock [1]. Group 1: Analyst Ratings and Price Targets - Raymond James analyst Frederic Bastien upgraded Colliers International from Strong Buy to Outperform, raising the price target from $195 to $200, suggesting an upside of over 49% [1]. - Citizens analyst Mitch Germain maintained a Market Perform rating, highlighting the company's growth strategy in the engineering sector as a distinguishing factor from peers [3]. Group 2: Strategic Acquisitions and Financial Impact - The $700 million acquisition of Ayesa Engineering is expected to enhance Colliers' engineering and project management capabilities, with an anticipated 5% accretive impact on adjusted EPS [2]. - This acquisition strengthens the company's presence in key sectors such as transportation, water, buildings, and energy [2]. Group 3: Company Overview - Colliers International provides commercial real estate services structured around three platforms: Real Estate Services, Engineering, and Investment Management, offering a range of solutions including sales, debt finance, and property valuations [4].