BNP upgrades URW, citing 'credible' recovery plan

Unibail-Rodamco-Westfield SE

22/05/2025 09:20

** BNP Paribas Exane upgrades Unibail-Rodamco-Westfield URW.PA to "outperform" from "neutral," seeing the shopping centre operator's growth plan as "credible"

** "The foundations for a recovery have been laid. From here, it's all about execution," the broker says

** It notes growth targets are at the top end of expectations and, if achieved, would enable attractive earnings growth from fiscal year 2027

** But the brokerage warns that the company's track record of strategy execution is less than perfect, so revised targets will be met with scepticism

** Out of 18 analysts that cover Unibail-Rodamco-Westfield, 11 rate the stock "strong buy" or "buy," ​six rate "hold" and one rates the stock "sell" - LSEG data

 (Reporting by Hugo Lhomedet)

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