Goldman Sachs Starts CBRE Group (CBRE) at Buy

Goldman Sachs analyst Julien Blouin initiates coverage on CBRE Group (NYSE: CBRE) with a Buy rating and a price target of $176.00.

The analyst comments: "We initiate coverage of CBRE Group (CBRE) with a Buy rating and expect 28% upside ($176 12-month price target). We like CBRE for (i) continued gains in leasing market share and its strong positioning heading into a capital markets recovery (highest investment sales market share and #2 CRE mortgage originator); (ii) the underappreciated growth and profitability profiles of its resilient businesses; and (iii) best in class capital allocation track record (highlighted by Turner & Townsend) together driving our Buy rating."

For an analyst ratings summary and ratings history on CBRE Group click here. For more ratings news on CBRE Group click here.

Shares of CBRE Group closed at $136.42 yesterday.

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