Zodiac schreef op 9 november 2021 12:42:
CercleFinance.com) - Oddo maintains its 'outperform' rating on Unibail-Rodamco-Westfield shares, also stickiing to its target price of 90 euros (current price about 69 euros, +0.5%).
The broker says that it believe that its 2021 guidance is particularly conservative and does not entail business normalised activity in the second half of 2021,' the broker said.
Oddo also points to encouraging signs of conditions getting back to normal from 2023.
In addition, the CFO was reasonably optimistic while remaining cautious about the progress of disposal plans in Europe, which could reach 4 billion euros by the end of 2022.
In the US, the work of structuring the divestment is well underway, Oddo says, which believes that this transaction remains the main catalyst for the stock today.