CBRE Is This Analyst's Top Pick Betting On Commercial Real Estate Recovery, Upgrades Stock

Morgan Stanley analyst Ronald Kamdem upgraded CBRE Group Inc CBRE to Overweight from Equal-Weight, raising the price forecast to $160 from$115.The analyst writes the company is well-positioned for double-digit earnings growth due to its market-leading position in both stable, recurring business lines like mortgage servicing, property management, and valuation, which make up about 60% of expected 2025 EBITDA, and higher-margin cyclical business lines like leasing, capital markets, and development, accountin ...