Deutsche Bank analyst Jon Bell downgraded Barratt Developments to Hold from Buy with a price target of 464 GBp, up from 462 GBp. The analyst says U.K. housebuilders shares are now longer oversold. The firm believes upside/downside risks are more balanced at current levels and thinks those who timed their entry well may look to take profits.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on BTDPY:
- Barratt Developments price target raised to 468 GBp at Morgan Stanley
- Barratt Developments downgraded to Add from Buy at Peel Hunt
- Barratt price target raised to 461 GBp from 388 GBp at Morgan Stanley
- Barratt Developments price target raised to 400 GBp from 380 GBp at JPMorgan
- Barratt Developments price target lowered to 380 GBp from 490 GBp at JPMorgan
