Klepierre: Invest Securities still a buyer, adjusts target
(CercleFinance.com) - Invest Securities confirms its buy rating on the Klépierre stock, while shaving one euro off its target price to 25 euros (from 26 euros).
In the absence of guidance and the results of ongoing negotiations with tenants, short-term visibility remains limited, although the stock's valuation remains well below its fundamental valuation, even in the event of a decline in values and market rents, Invest Securities says.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In the absence of guidance and the results of ongoing negotiations with tenants, short-term visibility remains limited, although the stock's valuation remains well below its fundamental valuation, even in the event of a decline in values and market rents, Invest Securities says.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.