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On Wednesday, Kepler Cheuvreux began covering Kaufman & Broad S.A. (KOF:FP) (OTC: KFMNF) with a Buy rating and set a price target of €39.10.
The firm's analysts pointed to the structural trends bolstering the French residential market, including a persistent undersupply of housing alongside a growing number of households.
These factors, combined with Kaufman & Broad's robust position in the market, underpin the firm's optimistic outlook.
According to Kepler Cheuvreux, Kaufman & Broad's strong capital allocation strategies, solid balance sheet, and sustained commercial momentum place the company in a favorable position to capitalize on the anticipated acceleration of a cyclical recovery in the second half of 2026.
The analysts believe these attributes offer Kaufman & Broad a strategic advantage in the sector.
The price target suggested by Kepler Cheuvreux indicates a 25% potential upside from the current levels. This target reflects the firm's confidence in Kaufman & Broad's ability to outperform within the French real estate market, particularly in the residential segment.
Kepler Cheuvreux's coverage initiation is based on a detailed analysis of the market conditions and Kaufman & Broad's financial health.
The firm's analysts emphasize the company's preparedness to navigate the expected uptick in the market, suggesting a positive long-term growth trajectory for the company.
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