Unibail-Rodamco-Westfield upgraded to Neutral from Underweight at JPMorgan

JPMorgan analyst Neil Green upgraded Unibail-Rodamco-Westfield to Neutral from Underweight with a price target of EUR 72, up from EUR 68. The analyst continues to fear an operational slowdown, but accepts consumer demand for European property is proving to be robust. The stock’s recent underperformance relative to other French listed property stocks stands out, the analyst tells investors in a research note.