CBRE Group price target lowered to $198 from $212 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on CBRE Group (CBRE) to $198 from $212 and keeps a Buy rating on the shares. The company’s s CEO offered a notably confident and detailed perspective on AI disruption risk during the Q4 earnings call, and his views align closely with the firm’s own assessment that AI poses limited near- to medium-term structural threat to the commercial real estate services industry, the analyst tells investors in a research note. CRE brokerage value proposition extends well beyond information access to functions that are difficult to automate, including risk management, stakeholder coordination, and execution in complex environments, the firm added.