Deutsche Bank announced on Thursday that it had upgraded its recommendation on Unibail-Rodamco-Westfield shares from 'hold' to 'buy', with a price target raised from €70 to €85.

Apart from the current political climate, the analyst believes that market sentiment around the sector has improved from the levels reached a year ago, thanks in particular to a recovery in credit.

The research firm also highlights the upturn in M&A and real estate transactions observed since the beginning of the year.

Deutsche Bank also mentions the prospect of further rate cuts by the ECB, a dynamic which it believes should make the sector even more attractive.

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