(Boursier.com) — Gecina underperformed at the start of the week with shares dropping 3.4% to 105.2 euros. It must be said that Morgan Stanley lowered its recommendation on the value to ‘underweight’, targeting 90 euros. The bank, which also downgraded Colonial following the recent rise in prices, believes that the market underestimates the risk of a probable further correction in the value of the capital.
Conversely, Oddo BHF reiterated its ‘outperform’ opinion on the property company with a target raised from 125 to 132 euros. The stabilization of interest rates, or possibly their slight drop during 2024, constitutes a catalyst for the sector and leads the broker to now favor the players best positioned to execute their growth and/or debt reduction strategy. In this context, he particularly favors Gecina and URW.
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