In a report released today, Peter Abramowitz from Jefferies maintained a Buy rating on Jones Lang Lasalle (JLL – Research Report), with a price target of $264.00.
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Peter Abramowitz has given his Buy rating due to a combination of factors including the strong performance in office and industrial leasing, which has been a key driver for Jones Lang Lasalle. Despite the challenging macroeconomic environment, the company’s capital markets division has also shown solid results, indicating resilience in its operations.
Furthermore, Abramowitz has adjusted the earnings per share estimates upwards for the fiscal years 2025 and 2026, reflecting confidence in the company’s future earnings potential. Although the price target has been slightly lowered due to increased macroeconomic and interest rate volatility, the stock’s current valuation, being significantly below recent highs, presents a compelling opportunity for investors. Therefore, the Buy rating is maintained as the company’s robust performance and potential for recovery are expected to positively influence investor sentiment.