Taylor Wimpey upgraded to Buy from Hold at Berenberg

Berenberg analyst Harry Goad upgraded Taylor Wimpey to Buy from Hold with a price target of 175 GBp, up from 130 GBp. The UK has not built enough houses for years, but with the general election likely to deliver a pro-housing Labour government, coinciding with an improving UK economic outlook, this can change over the next five years, the analyst tells investors in a research note.