Mercialys upgraded to Outperform from Market Perform at Bernstein

Bernstein analyst Valerie Jacob upgraded Mercialys (MEIYF) to Outperform from Market Perform with a price target of EUR 15, up from EUR 12. The firm says “higher-yielding” retail offers protection against higher rates and inflation. Listed retail real estate tends to outperform in a higher rate environment, the analyst tells investors in a research note.