RBC Capital lowered the firm’s price target on Colliers International (CIGI) to $180 from $190 and keeps an Outperform rating on the shares after its Q4 results. The firm notes that the positives outweighed the negatives in the quarter, adding that Friday’s price action seems disproportionate to the modest earnings miss, the analyst tells investors in a research note. AI fears could linger, but Colliers offers investors a good opportunity to step into a mid-teen earnings grower at a very reasonable price, the firm added.
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