Citi upgraded LondonMetric on Wednesday to ‘buy’ from ‘neutral’ as it said cyclical growth and structural expertise was undervalued.
LondonMetric Property
31 July 2024 12:48:03
Source: Sharecast
"We estimate the structural growth opportunity, particularly in logistics to be undervalued as cyclical strength intensifies," the bank said.
"In our view, management’s cyclical expertise, proven track record of utilising their diversified strategy, and pivoting to sectors of strength (most recently in logistics) are differentiating features that are undervalued over the long term."
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
