Cushman & Wakefield price target raised to $17 from $14 at JPMorgan

JPMorgan raised the firm’s price target on Cushman & Wakefield to $17 from $14 and keeps a Neutral rating on the shares. The firm remains constructive on the commercial real estate brokers heading into 2025. While the “easy money” has been made, the companies are on the front end of a rebound in commercial real estate sales and leasing activity that could last several years and result in a “beat-and-raise earnings cycle,” the analyst tells investors in a research note. JPMorgan sees “outsized” earnings growth through 2027 when compared with the broader equity market.