Morgan Stanley analyst Peter Ajose-Adeogun upgraded Berkeley Group (BKGFY) to Equal Weight from Underweight with a price target of 4,550 GBp, up from 4,200 GBp. The firm sees a volume recovery for the UK housebuilders, supported by rate cuts near term and structural planning reform mid term.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKGFY: