Barclays initiates coverage on CBRE with 'overweight', citing platform strength

CBRE

02/12/2025 12:55

** Barclays starts coverage on real estate services firm CBRE CBRE.N with "overweight" rating, PT at $190

** PT shows an upside of 19.2% from the stock's last close

** Brokerage says co's broad and diversified platform makes it well placed to capture market opportunities without relying on aggressive hiring

** CBRE's shift toward stable business areas strengthens operations, lowers financing costs and helps it weather real estate cycles, says Barclays

** 10 of 14 brokerages rate the stock "buy" or higher, 4 "hold" ; their median PT is $180 - data compiled by LSEG

** YTD, shares up 21.4%

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))