Covivio: well oriented with analysts' comments

(CercleFinance.com) - Covivio gains more than 1% and outperforms the trend in Paris, on the back of favorable comments from Invest Securities, which maintains its 'buy' recommendation while adjusting its target price from 54.
3 to 57.1 euros, the day after the property company's half-year results.

It considers operating data to be 'very satisfactory', with in particular a reduction in office vacancies, excellent like-for-like rental growth driven by indexation, and a sign that asset valuations are beginning to stabilize.

The previous day, Oddo BHF also reaffirmed its 'outperform' opinion on Covivio, with a price target maintained at 54 euros, following a publication judged 'more than satisfactory, with a strengthening of FP (shareholders' equity) and good strategic visibility'.

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