Keefe Bruyette upgraded JLL (JLL) to Outperform from Market Perform with a price target of $325, up from $292. With positive factors in place for the commercial real estate recovery to gain steam, JLL is poised to benefit given its over 50% revenue mix of leasing and capital markets, which should lead to significant margin expansion in 2025 and 2026, the analyst tells investors in a research note. The firm views the shares as attractive at current levels.
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