UBS upgrades Charter Hall Retail Reit to 'Buy' on forecast update

Hotel Property Investments

17/02/2025 22:50

** UBS has upgraded its rating for Charter Hall Retail Reit
 CQR.AX  to 'Buy' from 'Neutral' to account for acquisition of 
Hotel Property Investments  HPI.AX  in forecasts
    ** Brokerage however, cuts Price Target for the Australian
real estate investment trust to A$3.69 from A$3.79
    ** Price Target cut due to lowered inputs in brokerage's
models to more closely align with peers
    ** CQR stock up 3% at A$3.48 as of last close
    ** 5 of 7 analysts rate the stock "buy", 2 "hold" ; their
median PT is A$3.69 – according to data compiled by LSEG
    ** Stock fell 12.7% in 2024

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com;))