Exane BNP Paribas analyst Rob Jones double downgraded Aroundtown to Underperform from Outperform with a EUR 2.50 price target. The analyst adjusted real estate ratings as part of the firm’s 2023 outlook. 2023 will be the year of "peak pain" from an asset value decline perspective, but as the macro backdrop improves, there are stock opportunities in the sector, Exane tells investors in a research note.
Published first on TheFly
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