Invest Securities maintains its 'buy' recommendation on Mercialys, with a price target reduced from 12 to 11.8 euros, as the retail property company 'maintains its credible growth ambitions'.

Against a backdrop of retailer bankruptcies, the company has managed to limit the deterioration in occupancy, which remains very satisfactory (96.7%)", the analyst points out, adding that the property company has reiterated its annual targets.

He also considers that, in the medium term, Casino's difficulties "paradoxically seem to be good news for Mercialys (replacement by better-performing franchised food retailers)".

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