JPMorgan analyst Anthony Paolone has adjusted his outlook for Cushman & Wakefield (CWK, Financial), a leader in commercial real estate services. The price target for the company's shares has been reduced to $14, down from a previous estimate of $17. This decision reflects growing uncertainties in the economic landscape, particularly concerning the impact of tariffs and potential recession risks.
Despite these challenges, Paolone maintains a Neutral rating on Cushman & Wakefield's stock. He highlights that while the broader market faces headwinds, the commercial real estate sector is still poised for a relatively strong growth rate. Investors are advised that, although uncertainties persist, the sector's resilience could still offer opportunities.
