The Globe and Mail reports in its Thursday, July 11, edition that Canaccord Genuity analyst Yuri Lynk lowered his share target for Altus Group by $3 to $63, while maintaining his "buy" recommendation. The Globe's Darcy Keith writes that analysts on average target the shares at $58.33. CIBC World Markets boosted its share target price by a loonie to $54. The Globe says analysts are giving mixed reviews to Altus Group's sale of its property tax segment to Ryan LLC for $700-million in cash. Mr. Lynk says in a note: "While we thought the business was worth more, we like the transaction overall. Altus is now much closer to a pure-play data, analytics and software company with its analytics segment comprising 85 per cent of pro forma revenue. Furthermore, the tax business was extremely unpredictable, subject to the property tax rolls in various jurisdictions. Lastly, pro forma the sale, Altus will have net cash of about $315-million, positioning it to repurchase $250-million of stock (announced with the tax sale) and invest in organic and inorganic growth opportunities. ... Altus evolves into a smaller company with an enhanced margin and free cash flow profile that we believe will attract a higher valuation in the market."