NEW YORK (dpa-AFX) - U.S. investment bank Goldman Sachs upgraded Grand City Properties to "buy" from "neutral" and raised its price target to 8.80 euros from 7.50 euros. Analyst Jonathan Kownator updated his estimates after the first half of 2023 in a study on the European real estate sector, citing four reasons at once for his buy recommendation for Grand City: Supply and demand dynamics with low residential vacancy, operational progress, manageable debt and the stock's attractive valuation./ck/tih

Publication of the original study: 29.08.2023 / 05:00 / BST

First disclosure of original study: Date not stated in study / Time not stated in study / Time zone not stated in study

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