Thursday May 8, 10:08 AM
Broker snap: House price fall seen hitting Barratt
LONDON (ShareCast) - ABN Amro (Amsterdam: ABAGB.AS - news) has lowered its recommendation on the housebuilder Barratt to 'sell'
from 'hold' as part of a sector review that sees house prices falling 15% over the next two years.Share prices in the sector have not yet fallen to a level that takes this price deflation into account, the broker said. It also keeps its 'sell' recommendation on Persimmon (LSE: PSN.L - news) . However, citing a 34% share price decline over the past year, it upgrades Taylor Wimpey (LSE: TW.L - news) to 'hold' from 'sell'.
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