Erste Group ups CA Immo to 'accumulate', expects momentum to reverse

CA Immobilien Anlagen AG

27/09/2024 09:10

** Erste Group upgrades CA Immo  CAIV.VI  to "accumulate"
from "reduce", saying it sees no justification of Austrian real
estate firm's more than 30% share price decline since the end of
August
    ** "We now see short sellers reducing their positions, which
is a good indication of a momentum reverse," the broker writes.
    ** CA Immo's stock should be trading at a premium, due to
its top quality asset base, it adds
    ** Out of 7 analysts that cover CA Immobilien Anlagen AG,
​one rates the stock "buy,"​​ three rate "hold" and three​ rate
the stock "strong sell" or "sell"

 (Reporting by Tristan Veyet)
 ((Tristan.chabba@thomsonreuters.com))