BUZZ - Goldman Sachs assigns a "Buy" rating, TAG Immobilien stock rises

October 20 - ** Shares of German real estate company TAG Immobilien (TEGG.DE) rose nearly 2% as Goldman Sachs initiated coverage on the stock and assigned a “Buy” rating

**The brokerage highlighted TAG’s high-yield portfolio in the German residential market and its robust balance sheet

** The brokerage believes that the group’s expansion into the Polish residential market is a driver of growth and is expected to help it outperform its peers

**Goldman Sachs added that the stock has dropped 22% since August, making it “ an attractive buying opportunity”

**According to LSEG data, all 12 analysts covering TAG Immobilien AG have assigned the stock a “strong buy” or “buy” rating

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

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