Gecina in the red: Morgan Stanley downgrades


(AOF) – Gecina (-3.12% to 105.50 euros) displays one of the most pronounced declines in the SBF 120 index, weakened by the downgrading of Morgan Stanley’s recommendation, from Overweight to Online Weighting . The price target was lowered from 95 euros to 90 euros. The analyst points out that the sector has grown around 30% since its October low thanks to the rate cut. For him, the shares of certain office specialists in the euro zone have rebounded to such an extent that the market no longer takes into account the fundamental difficulties.

Morgan Stanley cites Gecina and Colonial.

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