Deutsche Bank analyst Jon Bell downgraded Persimmon to Sell from Hold with a price target of 1,267 GBp, up from 1,207 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.
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Published first on TheFly
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