Barclays Maintains an 'Overweight' on Jones Lang LaSalle (JLL); Highlights From Mgmt Meeting

June 22, 2012 3:19 PM EDT
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Price: $101.48 --0%

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Barclays maintains an 'Overweight' on Jones Lang LaSalle (NYSE: JLL) price target of $95.00.

Analyst, Ross L. Smotrich, said, "Management's tone was positive, underscored by the belief that the commercial real estate recovery is in its middle innings. In that vein, management expects an upward trend in its overall business over the next few years, albeit with a fair amount of volatility."

Smotrich thinks the instability in Europe is a negative, however, he sees some degree of letting up and notes the company's balance sheet and growth in share.

For an analyst ratings summary and ratings history on Jones Lang LaSalle click here. For more ratings news on Jones Lang LaSalle click here.

Shares of Jones Lang LaSalle closed at $69.87 yesterday.

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