Icade: Barclays slashes target price
(CercleFinance.com) - Barclays reiterates its 'overweight' recommendation on Icade shares, while slashing its target price for them from E53 to E36, with the real estate group's shares having fallen sharply since the announcement of its strategic plan in February.
In the broker's opinion, this fall in the share price could be exaggerated, particularly as the share includes the second-highest discount on its coverage, equivalent to a capital destruction of E3.3bn.
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