RBC Capital analyst Jimmy Shan lowered the firm's price target on Colliers International to $160 from $180 and keeps an Outperform rating on the shares after meeting with its management team. The company remains cautiously optimistic across all segments, although the recent rate increase can have an impact if it persists, the analyst tells investors in a research note. Valuation remains attractive, but the heightened macro uncertainty - including AI - can continue to weigh on the stock in the near term, RBC added.
