The Globe and Mail reports in its Tuesday edition that National Bank analyst John Shao has reaffirmed his "sector perform" recommendation for Altus Group. The Globe's David Leeder writes that Mr. Shao gave his share target a $5 boost to $60. Analysts on average target the shares at $59.50. Mr. Shao says in a note: "We expect essentially in-line Q4 results from Altus, with potential downside risk given continued CRE headwinds. That CRE backdrop is consistent with Altus's Q4'24 CRE Industry Conditions and Sentiment Survey that showed fewer firms plan to be net buyers over the next six months in the U.S. (22 per cent) and Canada (19 per cent) compared to 30 per cent and 26 per cent, respectively, in the prior quarter survey. Despite that, we see the recent divestiture of the company's tax segment as a positive setup for a valuation rerating higher." The Globe reported on March 19 that Mr. Shao continued to rate Altus Group "sector perform." It was then worth $51.48. The Globe reported on Nov. 8 that RBC rated Altus Group "sector perform." It was then worth $56.61. The Globe reported on Dec. 20 that CIBC World Markets analyst Scott Fletcher continued to rate Altus Group "neutral." The shares could then be had for $55.93.