'Buy on weakness': JPM double upgrades Klepierre to 'overweight'

Klepierre SA

14/10/2025 08:07

** J.P. Morgan double upgrades French shopping centre operator Klepierre LOIM.PA to "overweight" from "underweight", citing underestimated capital growth potential

** It expects Net Tangible Assets (NTA), a key driver for shares, to grow 11% in 2025

** JPM suggests political uncertainty in France is a buying opportunity, stating "we would use the weakness to buy, as we believe that any pressure will not be long lasting"

** The broker raises its price target (PT) by over 22% to 38 euros

** Out of 17 analysts that cover Klepierre, six rate the stock "strong buy" or "buy, "​eight rate "hold" and three rate the stock "strong sell" or "sell" - LSEG data

 (Reporting by Gianluca Lo Nostro)

 ((gianluca.lonostro@thomsonreuters.com;))