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Unibail-Rodamco downgraded to Neutral from Outperform at Exane BNP Paribas

Unibail-Rodamco downgraded to Neutral from Outperform at Exane BNP Paribas

Exane BNP Paribas analyst Samuel King downgraded Unibail-Rodamco-Westfield to Neutral from Outperform with an unchanged price target of EUR 80. While Unibail “screens cheap” relative to peers, lingering tail risks regarding disposals and development cost overruns skew the risk/reward, the analyst tells investors in a research note.

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