URW: Invest Securities still a buyer, maintain TP at E85
(CercleFinance.com) - This morning, the analyst said that URW published good H1 2022 results, confirming that business was gradually getting back to normal at its shopping centres.
Even though some weaknesses remain, at the very least, URW's centres are confirming their resilience, with an average positive reversion (+2.7%) and excellent occupancy rates in continental Europe (95.1%), the broker says.
As a result, URW positive, has increased its 2022 RNI guidance.
Invest Securities therefore maintains its Buy recommendation (target price of E85) pending the update of its forecasts.
The share is currently up almost 4% in Paris.
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