CBRE Group Shares Soar 1.26% on Morgan Stanley Upgrade

CBRE Group (CBRE) shares surged 1.26% today, marking an eighth consecutive day of gains and an 8.80% increase over the past eight days. The stock price reached its highest level since March 2025, with an intraday gain of 2.29%.

The strategy of buying CBRE shares after they reached a recent high and holding for one week yielded a 61.87% return, slightly underperforming the benchmark return of 89.60% over the same period. The strategy had a maximum drawdown of -36.69%, a Sharpe ratio of 0.35, and a volatility of 28.83%, indicating a challenging risk-return profile.

Morgan Stanley has raised the price target for CBRE Group from $160 to $170 and maintained an "overweight" rating. This reflects a positive outlook on the company's stock and suggests potential for price appreciation. The upgrade comes as the real estate market continues to show signs of recovery, with increased demand for commercial properties and a growing need for real estate services. This positive sentiment has likely contributed to the recent surge in CBRE's stock price.