Colliers International (CIGI) Upgraded by Raymond James

Colliers International (NASDAQ:CIGI) is 1 of the 10 champion existent property services stocks to bargain according to hedge funds.

On February 3, Raymond James expert Frederic Bastien upgraded his standing connected Colliers International (NASDAQ:CIGI) from Strong Buy to Outperform. The expert besides raised his terms people connected the banal from $195 to $200, implying upside of much than 49%.

Photo by Tony Yeung connected Unsplash

Bastien noted that the $700 cardinal acquisition of Ayesa Engineering has enabled the institution to amended its engineering and task absorption capabilities. This debt-funded woody is expected to beryllium astir 5% accretive to adjusted EPS, and besides strengthens the company’s footprint crossed transportation, water, buildings, and vigor spaces.

On January 22, Citizens expert Mitch Germain maintained his Market Perform standing connected Colliers International (NASDAQ:CIGI), based connected the company’s maturation strategy wrong the engineering sector. He noted that this strategy distinguishes the institution from its peers and sets it up to research integrated and inorganic enlargement opportunities.

Colliers International Group (NASDAQ:CIGI) provides commercialized existent property services to firm and organization clients. The concern is structured astir 3 chiseled platforms: Real Estate Services, Engineering, and Investment Management. They present respective solutions to clients, including sales, indebtedness finance, landlord & tenant services, maintenance, lease administration, spot accounting, appraisal review, and plus valuations.

While we admit the imaginable of CIGI arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.