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ubs upgrades charter hall retail reit to buy despite price target cut

UBS has upgraded Charter Hall Retail Reit (CQR) to 'Buy' from 'Neutral' following the acquisition of Hotel Property Investments (HHPI), despite lowering the price target to A$3.69 from A$3.79 to better align with peers. CQR shares rose 3% to A$3.48, with 5 of 7 analysts rating the stock as "buy." However, the stock experienced a decline of 12.7% in 2024.
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