Upgrade: JLL Positioned to Capture Commercial Real Estate Services Rebound
Jones Lang LaSalle (JLL) looks like a high-conviction trade as commercial real estate services begin to recover. Fundamentals - a sub-0.4 debt-to-equity ratio, $1.12B in free cash flow and mid-teens P/E - combine with sector catalysts (capital markets pickup, tech monetization and ESG demand) to make a compelling risk/reward. Enter $358.03, stop $3…