Barclays Mintains an 'Overweight' on Jones Lang LaSalle (JLL); King Sturge Deal a Long-Term Positive

Barclays maintains an 'Overweight' on Jones Lang LaSalle (NYSE: JLL), PT $112.

Barclays analyst says, "We are lowering our FY2011 AEPS estimate to $4.62, from $4.98, but raising our 2012 estimate to $6.40, from $6.35. Our model includes $27.8 million ($0.62ps) of retention and integration costs in 2011 and $19.0 million ($0.43ps) in 2012, in addition to the $319 million purchase price. King Sturge generates roughly $259 million of annual revenue with an operating margin north of 10%."

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 $93.75 yesterday.

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