Keefe Bruyette upgraded CBRE Group (CBRE) to Outperform from Market Perform with a price target of $185, up from $168. The firm adjusted ratings in the real estate sector as part of its 2026 outlook. Keefe expects the commercial real estate cycle to enter a “more secure recovery phase with moderate yet still healthy growth” in 2026. This favors commercial real estate services names and “high-quality” commercial mortgage real estate investment trusts, the analyst tells investors in a research note.
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