URW: now Invest Securities' best pick in segment
(CercleFinance.com) - Invest Securities reiterates its 'buy' recommendation on Unibail-Rodamco-Westfield (URW) shares, along with its target price of E83.
1. URW is now its favourite large-scale shopping center stock after Klépierre's good stockmarket performance.
It considers the 9m figures to be of very good quality, in line with those for H1 2024, with 'encouraging' data from retailers and an occupancy rate that remains optimal in continental Europe, at 96.3%.
The increase in shopping center rents is good (+4%), underlining the outperformance of large shopping centers compared with (smaller) shopping malls, the broker adds in its summary.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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.
1. URW is now its favourite large-scale shopping center stock after Klépierre's good stockmarket performance.
It considers the 9m figures to be of very good quality, in line with those for H1 2024, with 'encouraging' data from retailers and an occupancy rate that remains optimal in continental Europe, at 96.3%.
The increase in shopping center rents is good (+4%), underlining the outperformance of large shopping centers compared with (smaller) shopping malls, the broker adds in its summary.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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.