Zacks Investment Research

Bull Of The Day: Jones Lang LaSalle (JLL)

By Zacks Investment Research on | More Posts By | Zacks.com

We are changing our long-term recommendation for Jones Lang LaSalle (NYSE:JLL) to Outperform as we anticipate the stock to perform well above the broader market.

Jones Lang operates as a single-source provider of real estate solutions with a broad range of real estate products and services, and has an extensive knowledge of domestic and international real estate markets. In addition, Jones Lang has a strong balance sheet that enables it to continually invest in value drivers that act as key differentiators against its rivals.

Our long-term Outperform recommendation on the stock is supported by our target price of $90.00, or 28.6X our 2010 EPS estimate.

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