NEW YORK (dpa-AFX Broker) - The US investment bank Morgan Stanley has downgraded Vonovia from "Equal-weight" to "Underweight" and given a target price of 24 euros. After the first interest rate cut by the European Central Bank, there is little chance of a further price driver for the time being, wrote analyst Bart Gysens in a commentary on the German real estate sector published on Friday. The share valuations appear fair compared to his base scenario. The relationship between opportunities and risks is thus rather negative./ag/jha/

Publication of the original study: 07.06.2024 / 04:00 / GMT

First dissemination of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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