(News Bulletin 247) – Invest Securities reaffirms its ‘buy’ recommendation on Covivio while adjusting its target price from 61.7 to 61 euros, due to the consideration of higher medium-term refinancing costs for the property company .
The day after its point of activity in the first quarter, the design office points in particular to ‘the exceptional organic growth in hotel revenues (+57.5%) and the still sustained and predictable increase in German housing rents (+3 .9%)’.
“We do not identify in the publication of notable elements likely to change our perception of the company and its strategy (presented in December 2022)”, nevertheless indicates the analyst in charge of the file.
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