JPM ups URW to 'overweight' with opportunity in recent  share pullback

Unibail-Rodamco-Westfield SE

01/04/2026 06:51

**J.P. Morgan upgrades European shopping mall operator Unibail-Rodamco-Westfield URW.PA to "overweight" from "neutral" as recent share pullback offers a buying opportunity

** It raises URW's target price by c.9.5% to 115 euros, noting the stock's 10% earnings yield is too high and its 6% dividend yield is set to grow steadily

** The broker notes that high yield profile fits its criteria of investors being "paid to wait" for any stock re-rating

** JPM adds URW had a remarkable operational resilience with a decline in shopping center vacancy, rental, footfall and tenant sales growth and a positive revaluation of its portfolio in 2025

** It says URW's share pullback and progress in deleveraging will also renew questions around a potential share buyback which would act as a clear catalyst

** Out of 18 analysts that cover Unibail-Rodamco-Westfield, 14 rate the stock "strong buy" or "buy," ​three rate "hold" and one rates the stock "strong sell"​​ - LSEG data

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@tr.com))