Barratt Redrow downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital analyst Anthony Codling downgraded Barratt Redrow (BTDPY) to Sector Perform from Outperform with a price target of 450 GBp, down from 575 GBp. The firm adjusted ratings in the UK housebuilders group as part of a 2026 outlook. With “little support” from the Budget and Royal Assent for the Infrastructure Bill, RBC prefers the “self-help and strategic land stories.”