Keefe Bruyette raised the firm’s price target on JLL (JLL) to $390 from $345 and keeps an Outperform rating on the shares. The firm adjusted ratings and price targets 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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