Property analysts have upgraded Westfield Group’s
(ASX:WDC) earnings in 2011.
It follows Westfield’s first quarter update stating lower debt costs had reduced the impact of currency risks.
Citigroup raised Westfield from hold to buy. Macquarie Equities Research upgraded it to outperform.
The market had shown some concern regarding the rising Australian dollar affecting overseas earnings.
In the 2010 calendar year Westfield Group posted a net profit of $1.1 billion.
