Raymond James Lifts Colliers Price Target to $200, Signals 49% Upside
Raymond James analyst Frederic Bastien upgraded Colliers International from Strong Buy to Outperform and raised its price target from $195 to $200, implying over 49% upside. The company’s $700 million debt-funded acquisition of Ayesa Engineering is forecast to boost adjusted EPS by roughly 5% and expand its engineering footprint.
1. Analyst Upgrade Details
On February 3, Raymond James analyst Frederic Bastien raised Colliers International’s rating from Strong Buy to Outperform and increased the price target from $195 to $200, suggesting more than 49% upside potential.
2. Ayesa Engineering Acquisition
Colliers funded the $700 million acquisition of Ayesa Engineering with debt, a deal expected to be approximately 5% accretive to adjusted EPS while enhancing capabilities in transportation, water, buildings and energy sectors.
3. Broader Strategic Context
Citizens analyst Mitch Germain maintained a Market Perform rating on Colliers, highlighting the company’s engineering-focused growth strategy as a differentiator and a platform for further organic and inorganic expansion.