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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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