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      Cushman & Wakefield Stock Surged After An Analyst Upgrade

      By Fahim Awan

      Published on

      December 10, 2023

      7:52 PM UTC

      Cushman & Wakefield Stock Surged After An Analyst Upgrade

      Over the weekend trading session, Cushman & Wakefield plc (NYSE: CWK) witnessed a notable surge in its stock, attributed to favorable sentiments expressed by analysts. The company’s stock experienced a 3.25% uptick, closing the session at $8.89.

      Notably, Wolfe Research, a respected analyst firm, upgraded its recommendation for CWK stock from “Peer Perform” to “Outperform” on Friday. Despite this optimistic shift, the firm maintained the stock’s price target at $12.

      In a parallel development on the same day, Cushman & Wakefield (CWK) disclosed the appointment of Chris Hipps as the Texas Managing Principal. Scheduled to commence duties on January 2, Hipps will spearhead the advisory professionals across Texas. His mandate includes steering the company’s growth, refining and integrating client services, fostering new business, and augmenting top-tier talent. Dallas will serve as his operational base.

      Chris Hipps’ leadership and wealth of experience are poised to propel CWK’s success in Texas, a region of paramount importance as a global commercial real estate and economic hub. Moreover, Hipps is committed to strategic growth, both organically and by attracting high-caliber talent. Given Cushman & Wakefield’s extensive history in Texas, Hipps is anticipated to be a valuable addition, contributing to the company’s strategic growth through both organic means and the attraction of elite talent.

      Hailing from CBRE, where he held the position of Senior Managing Director of Advisory and Transaction Services, Investor Services, in the Dallas/Fort Worth region, Hipps focused on seamlessly integrating brokerage, capital markets, and asset services. This approach aimed to provide comprehensive solutions to institutional and middle-market clients.

      In a related development from the preceding week, Cushman & Wakefield announced the promotion of Jeremy Edmiston to the role of Executive Director, U.S. Lead Build-To-Rent/Single-Family Rent (BTR/SFR). In this newly assigned position, Edmiston will collaborate with the Capital Markets and Debt teams to deliver cohesive BTR/SFR end-to-end solutions for Cushman & Wakefield’s clientele.

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