URW - Macquarie rates the stock as Outperform
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Macquarie initiates coverage of Unibail-Rodamco-Westfield with an Outperform rating and $18.39 target.
The business has EUR62bn in assets under management and its largest regions comprise France and the US, post the acquisition of Westfield. Macquarie believes the business is well-placed to handle the structural and macro headwinds.
Sector: Real Estate.
Target price is $18.39.Current Price is $14.77. Difference: $3.62 - (brackets indicate current price is over target). If URW meets the Macquarie target it will return approximately 20% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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