Top of the Street: European real estate, Dassault Aviation, Inditex

LEG Immobilien SE

25/03/2024 13:46

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Goldman Sachs ups Gecina  GFCP.PA  to "buy" and LEG
Immobilien  LEGn.DE  to "neutral" as part of "select
indiosyncratic changes" it makes in a sector note on European
real estate, as it sees an improving macro backdrop for the
sector after interest rates and credit spreads broadly decreased
since the fall
    ** Exane BNP Paribas ups Dassault Aviation  AM.PA  to
"outperform" from "neutral" as it says the Rafale jet fighter
maker's Thales stake and growing net cash position are enough to
justify the current share price
    ** UBS cuts Inditex  ITX.MC  to "neutral" from "buy", saying
the Zara-owner's shares are fairly valued despite its "superior
model"
    
(*Analyst rankings from Thomson Reuters StarMine. The scale is
from 1-star to 5-star with 5 being the best. Analysts are ranked
on earnings accuracy as well as relative performance of
recommendations over trailing 12-month & 24-month periods.)


 (Reporting by Marta Frąckowiak and Augustin Turpin)
 ((augustin.turpin@thomsonreuters.com;))