Unibail-Rodamco-Westfield upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank upgraded Unibail-Rodamco-Westfield to Buy from Hold with a price target of EUR 85, up from EUR 70. 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.