Barclays Starts Newmark Group, Inc. (NMRK) at Overweight

Barclays analyst Brendan Lynch initiates coverage on Newmark Group, Inc. (NASDAQ: NMRK) with a Overweight rating and a price target of $21.00.

The analyst comments: "Largest brokerage exposure among peers (capital markets & leasing), positioned to outperform in the current cyclical upswing. Aggressive recruiting and talent retention over the past few years position NMRK to gain market share in transactional businesses. Longer term employee contracts and compensation structure make it difficult for talent to move to a competitor. Global expansion and M&A for resilient businesses add upside and a greater element of stbility than in the past."

For an analyst ratings summary and ratings history on Newmark Group, Inc. click here. For more ratings news on Newmark Group, Inc. click here.

Shares of Newmark Group, Inc. closed at $17.26 yesterday.

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