Gecina downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank downgraded Gecina to Hold from Buy with a price target of EUR 100, down from EUR 110. The analyst says sentiment has improved for European real estate amid spread tightening in credit markets and a pickup in acquisitions. With a rate cut cycle rung in by the European Central Bank, the sector outlook will likely turn even more positive, the analyst tells investors in a research note.