Accueil > Actualité
Actualite financiere : Actualite bourse

Klépierre: Jefferies upgrades its recommendation to 'buy

( - On Monday, Jefferies raised its recommendation on Klépierre shares from "hold" to "buy", with a target price raised to 28 euros from 26 euros previously, considering that the worst of the crisis was over for European property stocks.

In a sector note, Jefferies stresses that, despite an 8% decline in the EPRA index since the start of the year, it expects the sector's stock market performance to be positive this year, thanks to the effect of the first rate cuts.

The broker stresses that Klépierre's lower debt should enable it to be "more opportunistic" in its market, a prospect that is all the more attractive given that the share's valuation has become attractive again following its recent underperformance, he adds.

The broker also believes that the share's potential yield is among the highest in the sector, notably due to an assured dividend yield of 7.5%.

Copyright (c) 2024 All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.