Barclays Lowers CBRE Group's Price Target to $174, Maintains Overweight Rating

Barclays has lowered its price target on CBRE Group from $192 to $174 and maintained an Overweight rating, citing weaker investor sentiment across the commercial real estate services group. UBS previously upgraded CBRE to Buy from Neutral and raised its price target to $185 from $175, citing CBRE's strong industry position and vast data assets. CBRE reported Q4 core EPS of $2.73 and revenue of $11.6B.