Scotiabank assumed coverage of Colliers International with an Outperform rating and price target of $140, up from $109. Colliers is one of the Canadian success stories with a well-known brand name in the real estate services business across the globe, the analyst tells investors in a research note. The firm calls the company a “compelling cash flow compounder” with a capital light business model and double-digit earnings growth. It says superior cash flow growth is the key factor for share outperformance.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CIGI:
- Colliers to announce fourth quarter and full year results on February 8, 2024
- Colliers downgraded to Sector Perform from Outperform at National Bank
- Colliers joins the World Green Building Council’s Net Zero Carbon Buildings Commitment
- Colliers International joins WGBC’s Net Zero Carbon Buildings Commitment
- Colliers declares semi-annual dividend