Goldman Sachs analyst Julien Blouin initiated coverage of Newmark (NMRK) with a Buy rating and $19 price target The firm is constructive on Newmark given its market share gains in investment sales and debt advisory and placement. It sees opportunities ahead for Newmark’s GCS business and says has balance sheet optionality with low leverage and “abundant liquidity” for growth and returning cash to shareholders.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NMRK: