JLL price target lowered to $285 from $327 at JPMorgan

JPMorgan analyst Anthony Paolone lowered the firm’s price target on JLL (JLL) to $285 from $327 and keeps an Overweight rating on the shares. The firm reduced estimates for the commercial real estate services companies to reflect uncertainty playing out in the macro backdrop from tariffs and recession risk. However, the space should have a strong growth rate that is holding up versus the broader market, the analyst tells investors in a research note.