NEW YORK (dpa-AFX Broker) - The US investment bank Goldman Sachs has lowered its price target for Grand City Properties from 12 to 11.50 euros and downgraded the stock from "Buy" to "Neutral." The recovery trajectory is taking longer, requiring a more strategic approach, wrote Jonathan Kownator on Thursday in his outlook for Europe's real estate companies through 2026. Inflation will be the key issue, with particular scrutiny on the impact of Artificial Intelligence, especially regarding investments in AI versus productivity gains. After a strong run, Kownator is now more cautious on Grand City./ag/bek

Original study published: 12/04/2025 / 06:04 / GMT

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