Unite Group Has High Quality Portfolio and Strong Management Team
Dow Jones
Yesterday
1248 GMT - Unite Group sees a clear divergence between stronger and weaker universities, J.P. Morgan's Neil Green and Krishna Sathwik Beechu write. The student-accommodation company said in a call following its third-quarter update that demand remains concentrated at leading institutions, while international postgraduate demand has softened. "We believe Unite has a high-quality portfolio that is aligned with the best universities across the U.K., as well as a quality management team," they say. JPM has an outperform rating on the stock and a 640 pence target price. Shares are down 5.8% at 416.6 pence and 26% lower over the year to date.
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