VVR – Deutsche Bank rates the stock as Buy

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First half earnings were marginally better than Deutsche Bank’s estimates. The broker considers the stock attractive from a valuation perspective versus its peers, noting an FY18 yield of 6.4% versus peers of 5.3%.

Buy rating retained. Target is raised to $2.72 from $2.62.

Sector: Real Estate.

Target price is $2.72.Current Price is $2.16. Difference: $0.56 – (brackets indicate current price is over target). If VVR meets the Deutsche Bank target it will return approximately 21% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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