CA Immobilien Anlagen downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank downgraded CA Immobilien Anlagen to Hold from Buy with a price target of EUR 30, down from EUR 33. Despite more optimism on lower rates, 2024 will be another tough year for real estate, specifically the first half, since the impact from rate hikes will become more obvious, the analyst tells investors in a research note. The firm says it is “too early for risk on.”