Opportunities this week:

There are a number of supportive catalysts for IRES REIT in the year ahead, including yield stabilisation, potential for favourable policy changes, further progress on its strategic asset recycling programme, and lower turnover of its major shareholders. BUY PT: €1.19.
Given the potential for M&A in 2025, retailer shelf resets driving topline growth, and the company’s CMD planned for H1, we reiterate our BUY rating on Glanbia with a slightly reduced PT of €19.80.
With one of the highest return portfolios within its’ peer group and a wide range of growth opportunities we are upgrading TotalEnergies to a BUY with a slightly increased PT of €68.