I think it is fair to say that 2017 has been a hugely disappointing year for shareholders of Westfield Corp Ltd (ASX: WFD).
Year-to-date the Westfield share price is down over 17%.
But things could be about to change according to one leading broker which sees this sizeable decline as a buying opportunity.
According to a note out of UBS, the broker has retained its buy rating and lowered its price target slightly to $9.00.
This price target implies potential upside of approximately 16% for the shopping centre operator.
UBS appears confident that Westfield is in a position to grow earnings between 7% and 8% in FY 2018 and FY 2019.
The broker isn't alone on feeling bullish on Westfield's prospects. Last month we revealed that Credit Suisse had upgraded the shopping centre operator to an outperform rating with an $8.95 price target.
