Morgan Stanley’s 15 Best European AI Stocks

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7. SEGRO Plc (OTC:SEGXF)

Number of Hedge Fund Holders: N/A 

SEGRO Plc (OTC:SEGXF) is a UK-based Real Estate Investment Trust (REIT). It is a leading owner, manager and developer of modern warehouses and industrial property. The real estate portfolio of the firm includes 34 data centers that contribute close to 10% to the total revenue. Morgan Stanley has described the firm as the landlord of the largest cluster of data centers in Europe. Six months ago, Morgan Stanley analyst Bart Gysens was bullish on SEGRO Plc (OTC:SEGXF) and had a 1,050 pence price target on the stock, implying upside potential of around 19%. Gysens, in an investor note, detailed that the real estate firm had ambitious plans to grow in the data center space, with a pipeline including projects worth £200 million of future rent to be delivered over the next decade. In the months since, the share price has fallen 21%.

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