Jefferies upgraded Klepierre to Buy from Hold with a price target of EUR 28, up from EUR 26. The company benefits from a lower leverage than its peers that should allow it to be more opportunistic, the analyst tells investors in a research note. The firm says the stock’s valuation “now looks more interesting” following the recent share price underperformance.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
