Unibail-Rodamco-Westfield: Deutsche Bank upgrades to buy

(CercleFinance.com) - Deutsche Bank announced on Thursday that it had upgraded Unibail-Rodamco-Westfield shares from 'hold' to 'buy', with a target price raised from E70 to E85.


Apart from the current political climate, the analyst believes that market sentiment around the sector has improved from the levels reached a year ago, in particular thanks to a recovery in credit.

The broker also highlights the upturn in M&A and real estate transactions observed since the beginning of the year.

Deutsche Bank also mentions the prospect of further rate cuts by the ECB, a momentum which it believes should make the sector even more attractive.


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