Wedbush Starts CB Richard Ellis Group (CBG) at Outperform

October 6, 2016 7:12 AM EDT
Get Alerts CBG Hot Sheet
Price: $31.37 +2.48%

Rating Summary:
    5 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 26 | New: 28
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Wedbush initiates coverage on CB Richard Ellis Group (NYSE: CBG) with a Outperform rating and a price target of $35.00.

Analyst Jason Weaver commented, "CBRE has proven to be a scale leader in the global commercial real estate services market and has ample runway to sustain growth due to scale and presence. Moreover, its shift toward contractual revenue business lines should warrant a higher valuation due to enhanced revenue and earnings stability over most normal cycles."

For an analyst ratings summary and ratings history on CB Richard Ellis Group click here. For more ratings news on CB Richard Ellis Group click here.

Shares of CB Richard Ellis Group closed at $27.56 yesterday.



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