TAG Immobilien up after GS starts coverage with 'buy'

By Reuters News07:55 (UTC), 20 October 2026 Updated

** Shares of German real estate company TAG Immobilien TEGG.DE rise nearly 2% as Goldman Sachs initiates coverage of the stock with a "buy" rating

** The brokerage highlights TAG's high-yielding German residential exposure and sound balance sheet

** It sees the group's expansion into the Polish residential market as a growth driver that could help it outperform peers

** The shares have lost 22% of their value since August, making it "an attractive entry point," GS adds

** All of 12 analysts that cover TAG Immobilien AG rate the stock "strong buy" or "buy," as per LSEG data

** TAG tops Germany's mid-cap index .MDAXI

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