tiprankstipranks
Unite Group upgraded to Overweight from Neutral at JPMorgan
The Fly

Unite Group upgraded to Overweight from Neutral at JPMorgan

JPMorgan analyst Neil Green upgraded Unite Group (UTGPF) to Overweight from Neutral with a price target of 1,070 GBp, down from 1,100 GBp. The firm updated models in European property for new bond yield forecasts, moderate capital growth assumptions broadly while assuming rental growth across the board broadly slows and higher debt costs appear on refinancing. It adjusted ratings in the sector accordingly.

Pick the best stocks and maximize your portfolio:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App