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Raiffeisen Research Adds Vonovia to Top Picks Amid Attractive Valuation
Raiffeisen Research has added Vonovia to its Top Picks list, citing its attractive valuation with a price-to-book ratio of around 0.8 amid rising yields. The demand for rentals in Germany is expected to remain strong due to affordability issues and a shortage of new buildings, while recent interest rate cuts are lowering refinancing costs. The updated Top Picks include notable companies such as 3M, Amazon, and Microsoft, alongside Vonovia.
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