CBRE Group price target raised to $170 from $160 at Morgan Stanley

Morgan Stanley raised the firm’s price target on CBRE Group (CBRE) to $170 from $160 and keeps an Overweight rating on the shares. The firm raised estimates and price targets for “Top Pick” CBRE as well as for Cushman & Wakefield (CWK) on potential labor efficiency gains after analyzing how Generative AI usage may reshape the half a million occupations in the public REIT and Commercial Real Estate services space.