RBC Capital upgraded Barratt Redrow (BTDPY) to Outperform from Sector Perform with an unchanged price target of 575 GBp. The UK housebuilders have been oversold since the budget and the sector is now trading below tangible book value, the analyst tells investors in a research note.
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Read More on BTDPY:
- Barratt Redrow upgraded to Buy from Hold at Jefferies
- Barratt Redrow price target raised to 600 GBp from 560 GBp at JPMorgan
- Barratt Redrow price target lowered to 580 GBp from 600 GBp at Morgan Stanley
- Barratt Redrow upgraded to Overweight from Equal Weight at Morgan Stanley
- Barratt Redrow upgraded to Buy from Hold at Stifel
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