Peel Hunt keeps its hold rating on the stock, raising its target price to 80 pence from 70 pence. Shares are up 0.6% at 70.0 pence, having hit 81.9 pence earlier in the session. The U.K. student-accommodation company's update demonstrates the significant demand/supply imbalances in the U.K. student accommodation market, and the resultant upward rental pressure, RBC analysts say in a research note. This reflects merchandising improvements and the continued postpandemic recovery, the analysts say. (michael.susin@wsj.com)Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com(END) Dow Jones NewswiresJanuary 10, 2023 12:59 ET (17:59 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal January 10, 2023 18:53 UTC