KBW Maintains Market Perform on CB Richard Ellis Group

KBW is out with its report today on CB Richard Ellis Group CBG, maintaining Market Perform. In its report, KBW writes, "CBG reported 2Q core EPS of $0.21, up from $0.13 in 1Q. The difference between GAAP and core reflected $5.8 million of acquisition related charges and intangible asset amortization. Revenues increased 21.4% Y/Y to $1.42B, slightly outpacing our $1.40B est. Management remains focused on controlling margins and reiterated its 2011 core EPS guidance range of $0.95-$1.05. Maintain estimates and MP." Shares of CBG closed Monday at $21.95, up 0.69% from Friday's close.