The Globe and Mail reports in its Thursday, May 28, edition that National Bank Financial analyst Doug Taylor continues to rate Altus Group "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Taylor gave his share target a $7 trim to $45. Analysts on average target the shares at $52.50. Mr. Taylor says in a note: "Altus Group is exiting a period of substantial change that has reoriented the company around its core software businesses. This portfolio simplification should produce a better growth profile, operating leverage and more consistent disclosure. Success against these objectives should set up the shares for more consistent performance. We await traction to plan where management has laid out an ambitious FY27-oriented roadmap toward being a Rule of 40 company, led by its core ARGUS software transitioning from being primarily a system of record for CRE financial modelling into a broader intelligence platform infused with (monetizable) AI tools. In the meantime, we think the stock still needs clearer evidence that the company's initiatives can translate into faster organic growth, while a still-challenged CRE macro landscape remains a modest headwind."
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