(News Bulletin 247) – Invest Securities downgrades its recommendation on the stock of the property company MRM from ‘buy’ to ‘neutral’ with a price target reduced from 29.2 to 25.1 euros due to the inclusion of a three-month Euribor at 3%.

‘MRM has published good first quarter operational data’, however, notes the analyst, who points to a 9% increase in the turnover of the brands and an increase in rents on a like-for-like basis (+3.6%) which confirms the portfolio resilience.

‘The 2023 financial year will allow the 2023 RNR (1.93 euros per share, +10%) to benefit from the accretive impact of the 2022 acquisitions. In the medium term, the objective of 16 million euros in rents in 2025 seems very believable,” he continues.

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