As previously reported, Citi analyst Nick Joseph upgraded Cushman & Wakefield to Buy from Neutral with an unchanged price target of $18. The firm believes an improved transaction market and leasing environment will continue to drive outsized earnings growth and let the company to continue to execute on deleveraging its balance sheet, which it thinks could be catalysts that drive multiple expansion.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CWK: