Charter Hall Group upgraded to Buy from Neutral at Citi

Citi upgraded Charter Hall Group (CTOUF) to Buy from Neutral with an unchanged A$18.50 price target The firm cites the recent sell-off in Australian REITs as a result of increased uncertainty in trade policies and expectation of higher inflation, but despite the concerns, Citi notes that longer-term bond yields have largely remained stable, and globally, as well as locally, rates are expected to be reduced over CY25, the analyst tells investors in a research note. Citi further cites Charter Hall’s potential for recovery in earnings following stability in asset values.