Canaccord Genuity Maintains a 'Buy' on Jones Lang LaSalle (JLL); Q1 Earnings Preview

Canaccord Genuity maintains a 'Buy' on Jones Lang LaSalle (NYSE: JLL), PT $120.

Canaccord analyst says, "While normal seasonality should keep results in check,
we remain comfortable with our previously published Q1 estimates based on our
research which suggests the global real estate market remains on a recovery
track...We estimate Q1 revenue/EPS of $650M/$0.26, which is somewhat below
consensus estimates of $655M/$0.31. We consider our estimates to be on the
conservative side, probably more than adequately reflecting the fact that Q1 is
JLL’s seasonally weakest quarter due to customer capex/budgeting schedules."

For more ratings news on Jones Lang LaSalle click here and for the rating history of Jones Lang LaSalle click here.

Shares of Jones Lang LaSalle closed at $102.34 yesterday.

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