The Globe and Mail reports in its Friday, Feb. 2, edition that ahead of Colliers International Group's Feb. 8 earnings release, Stifel analyst Daryl Young elevated his share target to $145 from $130 with a "buy" recommendation (all figures U.S.). The Globe's David Leeder writes in the Eye On Equities column that analysts on average target Colliers' shares at $133.33. Mr. Young says in a note: "Q4 is historically Colliers' seasonally strongest quarter reflecting the timing of lease/sale transactions before yearend. However, we expect this year will be more tempered, with U.S. capital markets activity remaining heavily depressed. ... We think that investors are already anticipating a relatively weak Q4, and expect 2024 guidance to be the focus. ... In our view, 2024 will remain a transition year with potentially sluggish activity across H1, and headline risks related to office and U.S. regional banks. However, we think that a floor is forming in the market, and see optimism building across the year given: 1) lapping peak rate concerns, 2) credit/capital markets slowly reopening, 3) recession fears are abating, and 4) near-record levels of CRE dry powder still need to be deployed."