(News Bulletin 247) – Invest Securities lowers its advice on the SCBSM share, going from buy to neutral, with a price target reduced from 10.2 to 9.2 euros due to the paradigm shift.
At the head of a portfolio of 443mE now Parisian (85% of assets), SCBSM benefits from the good trend of Parisian rental values, estimates the analyst.
‘Its deposit of rents (+12%) will probably not fully materialize but rules out the risks of a significant drop in rents invoiced’, adds Invest.
According to the analysis office, the property company is not immune to rising rates, but the medium-term outlook confirms its resilience despite the paradigm shift.
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