JPMorgan Adjusts Price Target on CBRE Group to $190 From $185, Keeps Overweight Rating

The UK government has appointed 18 firms, including Amey, CBRE, and Kier, to a £120bn Facilities Management framework. The 8-year agreement covers contracts over £15m annually and is open to various public sector bodies. Additionally, 40 firms, such as BAM FM and Galliford Try, won spots for hard FM work with contracts over £2m yearly.

CBRE Group reported Q2 2026 core EPS of $1.56, up 30%, and revenue of $11.2B, up 16%, with core EBITDA of $836M, up 34%. Management raised 2026 core EPS guidance to $7.80-$7.90 and 2027 guidance to at least 15% growth. The company said it repurchased nearly $1B YTD and had net leverage of 1.60x.

Strategic Performance Drivers Performance was balanced across all segments, with each growing segment operating profit by more than 25% due to productive resource allocation into high-growth areas. Infrastructure services reached nearly $1.2 billion in revenue, driven by a 30% increase in data center services as AI investment remains elevated.

CBRE reported Q2 CY2026 results. Revenue rose 15.5% year on year to $11.23 billion, matching Wall Street expectations, and adjusted EPS was $1.56, up from $1.19 and 5.8% above consensus. The article says analysts expect revenue to grow 13.8% over the next 12 months and full-year EPS to rise from $7.51 to $7.98.

CBRE shares fell about 0.7% in pre-open trading after the company reported Q2 2026 results. CBRE posted EPS of $1.56 vs. about $1.48 expected and revenue of $11.23B vs. about $11.19B. Despite the earnings beat, GAAP net income fell about 5% YoY and management cited macro risks for transaction volumes. Barclays raised its price target to $180 from $178.

CBRE GROUP, INC. (CBRE) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 Press Release FOR IMMEDIATE RELEASE For further information: Chandni Luthra - Investors Steve Iaco - Media 212.984.8113 212.984.6535 Chandni.Luthra@cbre.com Steven.Iaco@cbre.com CBRE GROUP, INC. REPORTS FINANCIAL RESULTS FOR Q2 2026 Dallas – July 29, 2026 — CBRE Grou