Wolfe Research Upgrades Jones Lang LaSalle (JLL) to Outperform

Wolfe Research analyst Andrew Rosivach upgraded Jones Lang LaSalle (NYSE: JLL) from Peerperform to Outperform with a price target of $353.00.

The analyst comments: " We are Upgrading Jones Lang LaSalle (JLL) to Outperform from Peer Perform. We are separately downgrading Newmark (NMRK) to Peer Perform from Outperform (see here). Our $353 year-end 2025 price target presumes JLL can trade at the coverage average 2025 multiple on 2026 estimates. We believe a sector average multiple balances the outlook for an above average growth rate near term (~17% 24-26 versus our coverage at ~7%) with higher earnings volatility (earnings actually declined in 2023). Our $353 price target implies an 36% total return versus roughly flat return for our coverage given challenging comparisons to fixed income investments "

For an analyst ratings summary and ratings history on Jones Lang LaSalle click here. For more ratings news on Jones Lang LaSalle click here.

Shares of Jones Lang LaSalle closed at $263.27 yesterday.

You May Also Be Interested In

• Nomura/Instinet Upgrades Bharat Electronics Ltd (BHE:IN) to Buy
• Canaccord Upgrades AVITA Medical (AVH:AU) to Buy
• BofA Securities Upgrades Fortis Healthcare Ltd (FORH:IN) to Buy