The Globe and Mail reports in its Thursday, Feb. 5, edition that Raymond James analyst Frederic Bastien has upgraded Colliers International Group to "strong buy" from "outperform." The Globe's David Leeder writes that Mr. Bastien gave his share target a $5 boost to a Street-high $200 (all figures U.S.). Analysts on average target the shares at $169.94. While it was not "immune to the risk-off tone that weighed on data, tech and professional services stocks," Mr. Bastien thinks Colliers "took a pivotal step" on Tuesday with its $700-million acquisition of Ayesa Engineering, its largest-ever transaction. Mr. Bastien says in a note: "Colliers's 6-per-cent slide notably brings the stock's correction to 13 per cent since we flagged it as a high-conviction idea on Jan. 20 (versus a 1-per-cent gain for the S&P 500). We are doubling down today [with our upgrade." Mr. Bastien thinks the deal for Ayesa, a engineering and project management firm headquartered in Seville, Spain, is "fair valuation for a high-performing platform" and believes its "benefits can't be understated." The Globe reported on Aug. 2, 2024, and Jan. 21, 2026, that Mr. Bastien rated Colliers "outperform." The shares could then be had for $136.22 and $198.51.