Berenberg upgrades Klépierre to 'buy' citing higher occupancy level

Klepierre SA

25/04/2025 10:36

** Berenberg upgrades French shopping centre operator Klépierre LOIM.PA to "buy" from "hold", citing increased occupancy level and defensive financials

** Raises price target to 35 euros from 33 euros

** Brokerage highlights Klépierre's 50 basis-point year-on-year rise in occupancy levels of shopping centre portfolio to 96.5% in Q1 2025

** Brokerage says Klépierre's robust financials, including solid rent growth and high margins, continue to underpin its investment case, enhancing its appeal to investors

** Out of 19 analysts that cover Klepierre, seven rate the stock "strong buy" or "buy,"​ eight rate "hold" and four​ rate the stock "strong sell" or "sell" - LSEG

 (Reporting by Hugo Lhomedet)

 ((Hugo.Lhomedet@thomsonreuters.com;))