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Oddo BHF has reiterated an Outperform rating for Altarea, confirming a target price of €134 following meetings with CEO Edward Arkwright and CFO Eric Dumas. The firm identifies Altarea as having an attractive investment profile compared to competitors, citing integrated growth in residential promotion and strong performance in commercial real estate.

The commercial division is expected to significantly contribute to the group's EBITDA in 2026 and 2027. Data center development is prioritized within the group, supported by a solid team focused on rapid market alignment. The recent stock decline presents a favorable entry point for investors.