Deutsche Bank yesterday afternoon upgraded Barratt Redrow (BTDPY) to Buy from Hold with an unchanged price target of 536 GBp. The company’s medium-term guidance suggests a “strong rebuild of profits” in future years, supported by a recovering outlet profile and synergies from the Redrow deal, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BTDPY: