JPMorgan analyst Neil Green upgraded Unite Group (UTGPF) to Overweight from Neutral with a price target of 1,070 GBp, down from 1,100 GBp. The firm updated models in European property for new bond yield forecasts, moderate capital growth assumptions broadly while assuming rental growth across the board broadly slows and higher debt costs appear on refinancing. It adjusted ratings in the sector accordingly.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UTGPF:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue