Newmark price target raised to $22 from $21 at Citizens

Citizens raised the firm’s price target on Newmark (NMRK) to $22 from $21 and keeps an Outperform rating on the shares. Newmark delivered a bottom-line beat and raised guidance implying roughly 20% growth, with sustained earnings momentum driven by producer hiring, commercial real estate tailwinds, expanding international contributions, and M&A-enhanced services positioning the company for continued market share gains, the analyst tells investors in a research note.