Raymond James Upgrades Colliers International Group Inc. (CIGI) to Strong Buy and Raises its Price Target to $200

Group 1 - Colliers International Group Inc. (CIGI) has been upgraded to Strong Buy by Raymond James, with a new price target of $200, up from $195 [2] - The upgrade is attributed to Colliers' agreement to acquire Ayesa Engineering for approximately $700 million, expected to close in Q2 2026, which is projected to be 5% accretive to adjusted EPS [2][3] - Ayesa Engineering, based in Seville, Spain, generated approximately $370 million in gross revenues in 2025 and employs over 3,200 professionals across 21 countries [3] Group 2 - Following the acquisition, Colliers Engineering will operate in 23 countries with nearly 14,000 professionals, enhancing its capabilities in various sectors including Property & Buildings, Infrastructure & Transportation, Water, and Environmental markets [3] - Colliers' U.S. Engineering division has also acquired Ramos Consulting Services, a firm specializing in program management and engineering services for public transit projects [4] - Colliers provides commercial real estate services to clients across multiple regions including North America, Europe, Australia, and Asia [4]