Source - SMW
Equity research analysts at HSBC have cut their investment rating on Capital & Regional (LON:CAL) to 'hold' from 'buy' in its wider UK real estate note, today, due to the limited upside to their new 69 pence target price (up from 61 pence).

Conversely, the broker upgraded sector peer Intu Properties (LON:INTU) to 'hold' from 'reduce', lifting its target to 296 pence (from 262 pence), on valuation grounds.

In terms of the eleven real estate companies covered, HSBC has increased its target prices by 12 per cent on average.

It highlighted fading recessionary risk, rising inflation, a sub-market beta and income fund appetite as factors likely to drive-up share prices near-term.

At 1:57pm:

(LON:CAL) Capital  Regional PLC share price was -1.25p at 59.75p

(LON:INTU) Intu Properties share price was -0.3p at 292.8p