Jefferies analyst Peter Abramowitz downgraded Cushman & Wakefield (CWK) to Hold from Buy with a price target of $14, down from $18. The firm maintains a Positive outlook on the commercial real estate services space for 2025. Jefferies, however, downgraded Cushman, saying Street estimates are too high for 2025, even assuming full participation in the transaction recovery and a return to mid-single-digit growth in Services. JLL (JLL) remains the analyst’s top pick in the space.
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