Argan: Barclays raises target price
(CercleFinance.com) - On Friday Barclays said that it has raised its target price for Argan shares from 87 euros to 95 euros, maintaining its "overweight" rating on the stock.
In a sector report on European warehousing players, the broker praises the medium-term structural growth potential of logistics specialists, although stresses that their stockmarket valuations already take these development prospects into account.
In this context, the analyst says that he is focusing on the earnings growth of warehouse owners, which leads it to downgrade the British company Segro to "equal weight", while upgrading its compatriot Tritax Eurobox to "overweight".
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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 a sector report on European warehousing players, the broker praises the medium-term structural growth potential of logistics specialists, although stresses that their stockmarket valuations already take these development prospects into account.
In this context, the analyst says that he is focusing on the earnings growth of warehouse owners, which leads it to downgrade the British company Segro to "equal weight", while upgrading its compatriot Tritax Eurobox to "overweight".
Copyright (c) 2023 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.