Swiss Prime Site: first 'buy' rating from Credit Suisse
(CercleFinance.com) - Credit Suisse this morning initiated coverage of the share of the Swiss property investment company Swiss Prime Site with its first buy rating ('outperform').
The price target is set at 93.3 Swiss francs.
Swiss Prime Site stands out to the analysts for its “attractive” mid-term growth in a sustained low, or even negative, interest-rate environment. They also like the balanced economic model chiefly based on offices and commercial property, its 2bn development “pipeline” and the “high-quality assets in [...] a low-risk environment in Switzerland”.
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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 price target is set at 93.3 Swiss francs.
Swiss Prime Site stands out to the analysts for its “attractive” mid-term growth in a sustained low, or even negative, interest-rate environment. They also like the balanced economic model chiefly based on offices and commercial property, its 2bn development “pipeline” and the “high-quality assets in [...] a low-risk environment in Switzerland”.
Copyright (c) 2019 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.