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Goldman Sachs Reaffirms Their Buy Rating on Jones Lang Lasalle (JLL)

Tipranks - Tipranks - Wed May 6, 7:24AM CDT

In a report released yesterday, Julien Blouin from Goldman Sachs maintained a Buy rating on Jones Lang Lasalle, with a price target of $417.00. The company’s shares closed yesterday at $314.85.

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Blouin covers the Real Estate sector, focusing on stocks such as Jones Lang Lasalle, UDR, and Newmark Group. According to TipRanks, Blouin has an average return of 4.3% and a 60.00% success rate on recommended stocks.

In addition to Goldman Sachs, Jones Lang Lasalle also received a Buy from KBW’s Jade Rahmani in a report issued on May 1. However, on the same day, Barclays maintained a Hold rating on Jones Lang Lasalle (NYSE: JLL).

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Based on Jones Lang Lasalle’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.39 billion and a net profit of $159 million. In comparison, last year the company earned a revenue of $5.75 billion and had a net profit of $55.3 million

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