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Fly News Breaks for November 26, 2019
JLL
Nov 26, 2019 | 06:12 EDT
BofA/Merrill analyst Michael Funk initiated coverage of Jones Lang LaSalle with a Neutral rating and $175 price target, modeling that estimate on the stock's historic average multiple of 13-times forward earnings. The analyst believes that the attractive corporate real estate services cycle and the company's strong market position are "offset by valuation that is in-line with the historic average and exposure to weaker markets such as the UK and China."
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