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URW: Oddo BHF raises TP

( - In turn, Oddo BHF has confirmed its 'outperform' rating on URW shares with a price target raised from E78 to E80, confirming that it is convinced that a page has been turned' after a roadshow with the property company's management.

URW is confident of continuing to grow revenues in 2024 and beyond, after returning to operating performance levels in 2023 similar to, or better than, those of 2019, the analyst reports.

Adding that URW now has more flexibility to deleverage and gradually normalise its situation, it believes that the stock still has significant upside potential compared with increased visibility and a still high discount.

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