Barclays announced on Friday that it had raised its target price for Argan from €87 to €95, while maintaining its 'overweight' recommendation on the stock.

In a sector note on European warehousing players, the research firm praises the medium-term structural growth potential of logistics specialists, but points out that their stock market valuations already factor in these development prospects.

In this context, the analyst prefers to focus on the earnings growth of warehouse owners, which leads him to downgrade the British Segro to 'weight in line', but to raise his compatriot Tritax Eurobox to 'overweight'.

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