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Barratt Redrow upgraded to Buy from Hold at Jefferies

Barratt Redrow upgraded to Buy from Hold at Jefferies

Jefferies analyst Glynis Johnson upgraded Barratt Redrow (BTDPY) to Buy from Hold with a 507 GBp price target While the firm says it recognizes that the update on fair value accounting for Redrow in February “may slim NTAV a touch,” it sees stock as “too cheap” trading at a 10% discount to PNTAV, the analyst tells investors.

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