TAG Immobilien up after GS starts coverage with 'buy'

Goldman Sachs group

Tue 08:55

** Shares of German real estate company TAG Immobilien TEGG.DE rise nearly 2% as Goldman Sachs initiates coverage of the stock with a "buy" rating 
** The brokerage highlights TAG's high-yielding German residential exposure and sound balance sheet
** It sees the group's expansion into the Polish residential market as a growth driver that could help it outperform peers
     ** The shares have lost 22% of their value since August, making it "an attractive entry point," GS adds
** All of 12 analysts that cover TAG Immobilien AG rate the stock "strong buy" or "buy," as per LSEG data
**  TAG tops Germany's mid-cap index .MDAXI

(Reporting by Orest Dovhan )
((Orest.Dovhan@thomsonreuters.com ))