Citi upgraded Klepierre to Buy from Neutral with a price target of EUR 32.50, up from EUR 14.60. The stock’s valuation is likely to move towards historic positive cycle levels and should benefit from the compounding effect of rents should share count dilution risk be avoided, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KLPEF: