JLL - Jones Lang LaSalle: Multiple Positives (Rating Upgrade)

2024-03-14 06:52:16 ET

Summary

• The key positives for Jones Lang LaSalle include a potential turnaround of its capital markets business, favorable FY 2024 EBITDA margin guidance, and the company's M&A opportunities.
• The Company's PEG multiple is less than 1, which implies that its favorable growth prospects aren't completely factored into its stock price and valuations yet.
• I raise my rating for JLL to a Buy, considering the stock's positive factors and undemanding valuations.

Elevator Pitch

I have a Buy rating for Jones Lang LaSalle Incorporated ( JLL ). My earlier update, published on October 9, 2023, touched on the company's revenue mix and its mid-term financial goals....

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