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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Jones Lang LaSalle: Multiple Positives (Rating Upgrade)