Unibail-RW: Oddo BHF hails 'encouraging' recovery
(CercleFinance.com) - This morning, Oddo BHF analyst confirmed a "buy" recommendation on the Unibail-Rodamco-Westfield share, hailing "an encouraging recovery"
The gradual reopening of URW's shopping centres is showing encouraging signs of a recovery.
In Europe, over 90% of URW's retailers have now been able to reopen their stores and the latest visitor figures show that levels are almost back to normal, after 2 to 3 weeks of reopening (i.e. 80 to 90% of the number of visitors recorded last year at the same time) for higher conversion rates and average baskets, the broker says.
Oddo BHF thus confirms its target price of 75 euros for the share, meaning upside potential of 44%.
At 10.40 am on Friday the share is down almost 2.5% at 50.8 euros.
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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 gradual reopening of URW's shopping centres is showing encouraging signs of a recovery.
In Europe, over 90% of URW's retailers have now been able to reopen their stores and the latest visitor figures show that levels are almost back to normal, after 2 to 3 weeks of reopening (i.e. 80 to 90% of the number of visitors recorded last year at the same time) for higher conversion rates and average baskets, the broker says.
Oddo BHF thus confirms its target price of 75 euros for the share, meaning upside potential of 44%.
At 10.40 am on Friday the share is down almost 2.5% at 50.8 euros.
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.