Street Calls of the Week
Investing.com - JPMorgan has reiterated an Overweight rating and €35.50 price target on Vonovia SE (ETR:VNA) (OTC:VNNVF), placing the stock on Positive Catalyst Watch ahead of its third-quarter results.
The investment bank expects Vonovia to deliver "solid" third-quarter 2025 results on November 5th, featuring robust operations and supportive commentary regarding year-end property valuations.
JPMorgan noted that Vonovia’s fundamental updates typically overcome interest rate concerns that affect the stock between reporting periods, with results-day reactions averaging about twice the typical daily price movement.
The firm highlighted that the traditional correlation between Vonovia’s share price and interest rates has broken down in recent months, with the company’s implied debt costs decreasing while its share price has declined.
JPMorgan’s positive outlook stems from expectations for strong fundamental performance, historically positive reactions to earnings reports, and what it describes as a currently "depressed share price" for the German property company.
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