Unibail-RW: Oddo BHF still a buyer, raises target price
(CercleFinance.com) - An analyst at Oddo BHF this morning said that he is raising his target price for the Unibail-Rodamco-Westfield share, appreciating potential, given an historically low valuation.
The broker believes that URW should be one of the main commercial property companies to benefit from last night's announcements by the French President. The food & beverage sector accounts for 15% of URW's rents and the reopening of restaurant interiors (while maintaining a minimum distance between tables) will enable its shopping centres in the Ile de France region to regain more appeal through their renewed capacity to welcome consumers at lunchtime for example, the broker says, which has therefore raised its target price from 69 euros to 75 euros.
Oddo BHF also maintains its buy rating on the share, justified by the fact its new target price suggests upside potential of around 31%.
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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 broker believes that URW should be one of the main commercial property companies to benefit from last night's announcements by the French President. The food & beverage sector accounts for 15% of URW's rents and the reopening of restaurant interiors (while maintaining a minimum distance between tables) will enable its shopping centres in the Ile de France region to regain more appeal through their renewed capacity to welcome consumers at lunchtime for example, the broker says, which has therefore raised its target price from 69 euros to 75 euros.
Oddo BHF also maintains its buy rating on the share, justified by the fact its new target price suggests upside potential of around 31%.
Copyright (c) 2020 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.