Fly News Breaks for February 27, 2015
JLL, CBG
Feb 27, 2015 | 09:22 EDT
After the Wall Street Journal reported that property services company Cushman & Wakefield is being put up for sale for 12x+ its trailing eBITDA, JMP Securities says that if the deal is made at such a price, it would prove that the current valuations of property services companies CBRE Group (CBG) and Jones Lang LaSalle (JLL) are too low.The firm keeps Outperform ratings on both stocks.
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