Keefe Bruyette has adjusted its price target for Jones Lang LaSalle (JLL, Financial), lowering it from $325 to $280. Despite maintaining an "Outperform" rating on the company's shares, the firm has tempered its expectations due to a more cautious macroeconomic environment.
In anticipation of upcoming earnings reports, the firm highlights that while JLL's first-quarter performance is expected to be bolstered by growth in capital markets and leasing activities, the broader economic outlook prompts a focus on potential risks. Consequently, Keefe Bruyette has revised its estimates downward as a precautionary measure.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Jones Lang LaSalle Inc (JLL, Financial) is $300.43 with a high estimate of $350.00 and a low estimate of $266.00. The average target implies an upside of 42.62% from the current price of $210.65. More detailed estimate data can be found on the Jones Lang LaSalle Inc (JLL) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Jones Lang LaSalle Inc's (JLL, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Jones Lang LaSalle Inc (JLL, Financial) in one year is $231.15, suggesting a upside of 9.73% from the current price of $210.65. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Jones Lang LaSalle Inc (JLL) Summary page.
