UPDATE: Bank of America Reiterates Buy Rating, Raises PT on Jones Lang LaSalle

In a report published Wednesday, Bank of America reiterated its Buy rating on Jones Lang LaSalle (NYSE: JLL), and raised its price target from $95.00 to $105.00.

Bank of America noted, “JLL is positioned as one of the industry leaders in the commercial real estate services market. We believe JLL gained share during the downturn and is outperforming the market in a multi-year recovery in global commercial real estate. JLL also generates healthy incremental EBIT margins.”

Jones Lang LaSalle closed on Tuesday at $91.84.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.