Oddo BHF has reaffirmed its 'outperform' rating on URW (Unibail-Rodamco-Westfield) with a price target raised from 78 to 80 euros, confirming its 'conviction that a page has been turned' after a roadshow with the property company's management.

URW is confident of continuing to grow revenues in 2024 and beyond, after returning to operating performance levels in 2023 similar to or better than those of 2019", the analyst reports.

Adding that URW 'now has more flexibility to deleverage and gradually normalize its situation', he believes that 'the stock still has significant upside potential compared with increased visibility and a still high discount'.

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