BUZZ-Barclays initiates coverage on CBRE with 'overweight', citing platform strength
Barclays starts coverage on real estate services firm CBREwith “overweight” rating, PT at $190PT shows an upside of 19.2% from the stock’s last closeBrokerage says co’s broad and diversified platform makes it well placed to capture market opportunities without relying on aggressive hiringCBRE’s shift toward stable business areas strengthens operations, lowers financing costs and helps it weather real estate cycles, says Barclays10 of 14 brokerages rate the stock “buy” or higher, 4 “hold” ; their median PT is $180 - data compiled by LSEGYTD, shares up 21.4%
Barclays starts coverage on real estate services firm CBRE (CBRE.N) with “overweight” rating, PT at $190
PT shows an upside of 19.2% from the stock’s last close
Brokerage says co’s broad and diversified platform makes it well placed to capture market opportunities without relying on aggressive hiring
CBRE’s shift toward stable business areas strengthens operations, lowers financing costs and helps it weather real estate cycles, says Barclays
10 of 14 brokerages rate the stock “buy” or higher, 4 “hold” ; their median PT is $180 - data compiled by LSEG
YTD, shares up 21.4%
