(News Bulletin 247) – Invest Securities maintains its buy rating on the Carmila share, with a price target reduced from 18 to 17.8 euros.
‘The operational data at the end of March showed some resilience despite a theoretically lackluster context for consumer discretionary. In fact, attendance is up by +5% over one year and the turnover of the brands is up by +10%, well above the indexation (+4.1%)’, underlines the analyst.
Moreover, despite already high indexations in 2022 (+3.2%), the property company managed to extract a positive reversion (+2.9%). Thanks to indexation, net rents finally increased by +5.5% (no organic growth communicated), reports Invest.
In this context, “the tone of the data published seems positive to us even if we will remain vigilant on the impact of bankruptcies, more explicit at Mercialys”, concludes the broker.
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