Unibail Rodamco: Invest Securities raises target price
(CercleFinance.com) - The analyst believes that the shareholders' vote at Tuesday's EGM pushes back the spectre of a highly dilutive and non-urgent capital increase.
This opens the door to an inflection in the group's strategy, with the entry of the three representatives of the concert to the Supervisory Board. We have adjusted our target price for the share, which no longer includes a potential capital increase, but takes into account the current low visibility, Invest Securities says.
The broker has increased its target price for the share to 78 euros (vs. 67 euros), confirming its buy rating on the stock.
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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.
This opens the door to an inflection in the group's strategy, with the entry of the three representatives of the concert to the Supervisory Board. We have adjusted our target price for the share, which no longer includes a potential capital increase, but takes into account the current low visibility, Invest Securities says.
The broker has increased its target price for the share to 78 euros (vs. 67 euros), confirming its buy rating on the stock.
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.