Raymond James Lifts Colliers to Strong Buy, Sets $200 Target After $700M Deal
Raymond James upgraded Colliers International to Strong Buy and raised its price target to $200 after it agreed to acquire Ayesa Engineering for $700 million. The deal is set to close in Q2 2026, boost adjusted EPS by about 5% and expand engineering operations to 23 countries with nearly 14,000 professionals.
1. Upgrade and Price Target Raised
Raymond James upgraded Colliers International Group Inc. from Outperform to Strong Buy and boosted the price target to $200 from $195, reflecting confidence in the company’s growth trajectory and deal pipeline.
2. Ayesa Engineering Acquisition Details
Colliers agreed to acquire Ayesa Engineering for approximately $700 million in cash, a move projected to be 5% accretive to adjusted EPS, adding engineering and project management services across transportation, water, buildings and energy sectors in Europe and beyond.
3. Strategic Expansion and Integration
The Ayesa transaction will increase Colliers Engineering’s presence to 23 countries with nearly 14,000 professionals, while a separate acquisition of Ramos Consulting Services in California bolsters the firm’s U.S. transit project management capabilities.