(News Bulletin 247) – Oddo BHF maintains its ‘outperformance’ recommendation on the Unibail-Rodamco-Westfield (URW) share but raises its price target to 70 euros (compared to 65 euros previously).
‘We believe that URW now has stronger assets to implement its strategy and the execution of the URW disposal plan could coincide with the stabilization of interest rates in Europe and the United States’ , explains the analyst.
And to note, moreover, that the level of liquidity at 3.5 billion euros at the end of 2022 ‘allows the group to consider the sale of these assets at their ‘fair price’ at the appropriate time and without finding themselves in a forced seller’s position.
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