Opportunities this week:
- Following the announcement of Dalata’s strategic review and “commencement of a formal sale process”, we are reiterating our BUY rating on the stock. Our €6 price target provides 10% upside for investors.
- Given the solid results of PTSB and its relatively large discount to the two main pillar banks, we are reiterating our Buy recommendation on the name with PT of €2.10 (36% upside).
- Following our positive meeting with management last week, we are taking the opportunity to reiterate our BUY rating on IRES REIT. Our price target of €1.20 provides 31% upside, supported by a dividend yielding 5.5%.