Argan gained more than 1% after announcing 11% growth in rental income for 2023, to 184 million euros, thus exceeding its initial target of 182 million for the year, updated to 183 million at the time of the half-year results.

The preliminary 2023 figures published by Argan are encouraging, particularly in terms of asset valuation, and reflect the company's continued strong commercial momentum in the logistics segment in France", says Oddo BHF.

The research department therefore reiterates its "outperform" rating and raises its target price for the stock from €80 to €92, highlighting the property company's improved visibility in implementing its strategy.

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