CBRE Group price target raised to $142 from $138 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on CBRE Group (CBRE) to $142 from $138 and keeps a Market Perform rating on the shares. Heading into 2025, capital markets momentum and stabilization of commercial real estate values position the commercial real estate finance sector for recovery, the analyst tells investors in a research note. The firm says that while the office sector continues to undergo a secular correction with values down over 35%, it feels more positive about multifamily driven by “significant dry powder,” prices having declined, and a better supply/demand outlook.