Goldman Sachs Sticks to Buy Rating on MERLIN Properties SOCIMI SA Amid Strong Earnings

Goldman Sachs has maintained its Buy rating on MERLIN Properties SOCIMI SA (MRPRF), setting a price target of €17.90. This decision was made by Jonathan Kownator, a 4-star analyst with an average return of 2.5% and a 58.54% success rate. Kownator covers the Real Estate sector and focuses on stocks such as Unibail Rodamco Westfield, MERLIN Properties SOCIMI SA, and Derwent London plc REIT.

In addition to Goldman Sachs, MERLIN Properties SOCIMI SA also received a Buy from Morgan Stanley's Ana Escalante in a report issued on September 1. However, on August 24, Barclays downgraded MERLIN Properties SOCIMI SA (Other OTC: MRPRF) to a Hold.

The company recently reported its earnings for the quarter ending June 30, with a revenue of €154.19 million and a net profit of €501.92 million. This represents an increase from last year's revenue of €127.21 million and net profit of €428.66 million.