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Fly News Breaks for May 10, 2019
JLL
May 10, 2019 | 05:09 EDT
Goldman Sachs analyst Andrew Rosivach upgraded Jones Lang LaSalle to Buy from Neutral and raised his price target for the shares to $206 from $183. The company's earnings declined in Q1 due to tough comps, but this should reverse quickly, Rosivach tells investors in a research note. He expects Q2 to present easier comps and believes the macro backdrop is strong for capital markets and leasing. The analyst recommends using the pullback in Jones Lang LaSalle shares as a buying opportunity. Rosivach sees 12 month return potential of 47%, including dividends.
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