BUZZ-J.P. Morgan cuts CBRE Group's PT on slower growth

Reuters04-01
BUZZ-J.P. Morgan cuts CBRE Group's PT on slower growth

** J.P. Morgan cuts price target on real estate services firm CBRE Group CBRE.N to $182 from $196; reiterates "overweight" rating

** New PT still represents a 34.4% upside to stock's last close

** Brokerage cut its adjusted 2026–27 EBITDA estimates by about 3% each, citing less margin expansion and slightly weaker investment management income

** Says it still sees stock as a "blue‑chip" name in the services space, citing company’s significant platform; adds that CBRE’s push into digital infrastructure and project management should deliver high growth in coming years

** Median PT of 14 brokerages covering the stock is $180 - data compiled by LSEG

** Shares up marginally premarket

** As of last close, CBRE down 15.8% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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