11:27 AM EST, 11/24/2025 (MT Newswires) -- CIBC Capital Markets Friday raised Altus Group's ( ASGTF ) price target to C$62 from $54 while retaining its neutral rating.

Altus recently hosted its Investor Day in New York, providing several updates focused on capital allocation, portfolio streamlining, and medium-term operational targets.

CIBC said that it was encouraged by Altus' plans to divest non-core operations and return capital to shareholders.

Altus' refreshed strategy under new leadership sets the stage for a renewed and more focused company. However, the future path is closely tied to the execution of key priorities, CIBC said.

Altus' share price rose 1% at last look Monday to $54.65 on the Toronto Stock Exchange.

Price: 54.63, Change: +0.53, Percent Change: +0.98