Covivio: broker upgrades the stock

(CercleFinance.com) - Covivio climbs over 4% thanks to an upgrade by Barclays directly from 'underweight' to 'overweight', with a price target raised from 56 to 61 euros, in a more general note on European property companies.


Although still not supported by increased real estate transactions, more stable LTVs (loan-to-value) make it easier for companies to actively plan a strategy to return to growth after two years of crisis", the broker believes.

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