Keefe Bruyette lowered the firm’s price target on CBRE Group to $85 from $93 and keeps a Market Perform rating on the shares. The analyst reduced estimates for the commercial real Easter brokers though 2025 on lower transaction assumptions including capital markets, leasing, investment management, and valuation. The firm is 15%-20% below the consensus, likely driven by more conservative assumptions around capital markets, leasing, and other income.
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