, and says buying opportunities are emerging because of savage stock price falls.
“We’ve refined how we look at some of these names from a valuation perspective and had a closer look at the balance sheet, where debt costs are going and what it means for interest coverage ratios,” UBS analyst Grant McCasker said. “It’s a given in a higher interest rate environment for residential enquiry levels to moderate, and we’re already seeing that,” Mr McCasker said.Following its sector review, UBS upgraded Charter Hall Group and Centuria Industrial REIT , putting buy recommendations on both stocks.
Source: News Formal (newsformal.com)
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