Raymond James Maintains Strong Buy on CBRE Group, Lowers Price Target to $100
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Patrick O'Shaughnessy has maintained a Strong Buy rating on CBRE Group but lowered the price target from $102 to $100.
July 28, 2023 | 9:06 am
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CBRE Group's price target has been lowered from $102 to $100 by Raymond James, though the Strong Buy rating is maintained.
The news is directly about CBRE Group. While the lowering of the price target might seem negative, the maintenance of the Strong Buy rating indicates that the analyst still has strong confidence in the company's performance. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100