Morgan Stanley lowered the firm’s price target on Unite Group (UTGPF) to 1,000 GBp from 1,125 GBp and keeps an Overweight rating on the shares, which is the analyst’s new Top Pick in the European property sector, citing an improving narrative for student accommodation. The firm expects higher growth in international students following increased restrictions by other English-speaking countries, including the U.S. most recently, but also Canada and Australia, the analyst tells investors.
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