As previously reported, Wolfe Research analyst Andrew Rosivach downgraded Cushman & Wakefield to Peer Perform from Outperform and removed the firm’s previous $14 price target. The firm cites a combination of a “dramatic shift” in valuation since the firm’s prior upgrade in December 2023 and acknowledges that earnings upside “could be more measured in nature,” leading the firm to keep its “price target discipline.”
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