CBRE Group up after Evercore upgrade, annual profit forecast raise
** Shares of commercial real estate services and investment firm CBRE Group CBRE.N rise 2.3% to $109.91
** Brokerage Evercore ISI upgrades stock to "outperform" from "in line" and lifts PT to $123 from $100, implying a 14.5% upside to stock's last close
** Raymond James also lifts PT to $129 from $124, while J.P.Morgan increases it to $120 from $101
** CBRE lifted full-year 2024 EPS forecast on Thursday, as it focuses on demand from businesses such as leasing and loan servicing that are less sensitive to changes in interest rates
** "Sales environment seems to have bottomed and CBRE's profitability trends are moving in the right direction" - Evercore
** Five brokerages rate the stock "buy" or higher and six "hold"; median PT is $109 - LSEG data
** Including session gains, stock up 18% YTD
Reporting by Aatreyee Dasgupta
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