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Barratt Developments reinstated with an Overweight at Barclays

Barratt Developments reinstated with an Overweight at Barclays

Barclays reinstated coverage of Barratt Developments with an Overweight rating and 641 GBp price target. Following a de-rating and with scope for revenue synergies to fall into view, and the overhang of the transaction to be worked through, the shares offer a “compelling value opportunity,” the analyst tells investors in a research note.

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