The Globe and Mail reports in its Thursday, Nov. 6, edition that National Bank Financial analyst Maxim Sytchev continues to rank Colliers International Group "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev gave his share target a $6 boost to $181 (all figures U.S.). Analysts on average target the shares at $180.57. Mr. Sytchev views Colliers' third quarter financial results as reflecting "solid execution," and expects its operating leverage and M&A goals to drive "further momentum." He says in a note: "Management projected a confident tone on the call, commensurate with strong results. An interesting conversation around capital markets also suggested there is an incremental coil spring dynamic when it comes to operating leverage as, according to management, the division has 15 per cent more people vs. prior peak but indexed to 2019 revenue is still 27 per cent below the high watermark, implying additional margin upside for a business that represents 16 per cent of the topline; the engineering business is scaling rapidly and we could see this business growing by a factor of two times over the next three to four years." He says he is "very positive on the name."