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.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CWK: