Unibail-Rodamco-Westfield: bright red

Photo credit © City of Paris

( — Against the tide, Unibail-Rodamco-Westfield stumbles 3.5% to 50.3 euros at the end of the morning, victim of a note from Goldman Sachs. The influential American investment bank lowered its recommendation on the value to ‘sell’ while reducing its target from 44 to 39 euros. GS highlights execution risk under the property company’s disposal plan, slightly higher vacancy levels than its peers, lower rental margins and higher interest charges on top of a high debt.


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