- RBC Capital Markets analyst Jimmy Shan initiated coverage on Colliers International Group Inc (NASDAQ:CIGI) at Outperform at a price target of $128.
- The analyst believes CIGI’s globally recognized brand and high-value service position it to generate ROIC in mid-teens.
- Shan is also bullish on the company’s asset-light business model, strong FCF generation and capital re-investment in synergistic businesses.
- However, the analyst is concerned about the company’s short-term growth prospects, as the largely frozen CRE transaction market is expected to worsen its capital markets business.
- Nevertheless, Shan believes the headwinds can be curbed by highly profitable & scalable Investment Management, and Outsourcing & Advisory businesses and strategic acquisitions.
- The analyst expects revenues of $4.35 billion and adjusted EPS of $6.36 in 2023 and $4.62 billion and $7.26, respectively, in 2024.
- Price Action: CIGI shares are trading higher by 0.06% at $93.22 on the last check Wednesday.
‘French Court Approves Macron’s Plan To Raise Pension Age As Nationwide Protests Rage On’ – CNBC
https://www.cnbc.com/2023/04/14/french-court-to-rule-on-pension-age-rise-as-nationwide-protests-rage-on.html?__source=iosappshare%7Ccom.tinyspeck.chatlyio.share
France’s Constitutional Council on Friday approved
