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Klépierre: Oddo BHF still a buyer, but cuts TP

(CercleFinance.com) - Oddo BHF reinstates its "buy" rating on the Klépierre share, while reducing its 12-month target price from 25 euros to 21 euros, to integrate the longer impact of the health crisis.
Even so, this new target price still gives the share upside potential of 71%.

Klépierre is the commercial property group for which the broker is the most confident regarding its ability to outperform its sector with a contained level of risk, seeing it as being the best prepared at present to get through the current health crisis.

Oddo BHF points to very sound resilience in the current context, with a good compromise in terms of geographical positioning in continental Europe alone, coupled with exposure to Scandinavian countries that - at this stage - are less affected by the health crisis.


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