JPMorgan analyst Anthony Paolone upgraded CBRE Group (CBRE) to Overweight from Neutral with a price target of $163, up from $120. 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. CBRE is the “blue chip in the space with a strong track record of execution and ample liquidity to play offense when opportunities emerge,” the firm contends.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CBRE:
- CBRE Group upgraded to Overweight from Neutral at JPMorgan
- Goldman Sachs Eyes 2 Commercial Real Estate Services Stocks – Here’s Why They’re Worth Watching
- CBRE Group price target raised to $142 from $138 at Keefe Bruyette
- CBRE Group Appoints New Co-CEOs for Investment Division
- CBRE Group initiated with a Buy at Goldman Sachs