Key points:
- Persimmon downgraded by Deutsche Bank
- JPMorgan raised Persimmon's price target
- Persimmon shares are up slightly Monday
- The Best Under The Radar Stocks To Buy
Deutsche Bank analyst Jon Bell downgraded Persimmon to Hold from Buy, lowering the price target to 2,897p, down from 3,268p. In a research note last week, the analyst made changes to 4 UK companies in the housebuilding sector as part of his 2022 outlook. Bell explained that rising interest rates seem less impactful due to the affordability headroom. However, he added that pressure on household budgets is intense due to spiraling energy costs.
On the flip side, JPMorgan analyst Rajesh Patki raised the price target on Persimmon to 3,580p from 3,530p and kept an Overweight rating.
Other Price Target Changes Last Week:
Barclays raised the price target on Provident Financial to 410p from 380p, maintaining an Overweight rating.
Barclays increased the price target on PageGroup to 770p from 730p, keeping an Equal Weight rating.
Barclays reduced the price target on Johnson Matthey to 2,320p from 2,510p and kept an Underweight rating.
Barclays lowered the price target on JD Sports Fashion to 240p from 1,150p and kept the rating at Overweight.
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Barclays lowered the price target on Harbour Energy to 570p from 625p and maintained an Overweight rating on the shares.
Barclays lowered the price target on EnQuest to 32p from 34p and kept an Overweight rating.
Credit Suisse raised the price target on Marks & Spencer to 275p from 265p, maintaining an Outperform rating.
Credit Suisse raised the firm's price target on Lloyds Banking to 70p from 66p and kept an Outperform rating on the shares.
Credit Suisse raised the price target on NatWest Group to 310p from 290p and maintained an Outperform rating.
Deutsche Bank lowered the price target on Antofagasta to 1,280p from 1,300p and kept the rating at Hold.
Deutsche Bank lowered the price target on Asos to 3,850p from 4,000p and held a Buy rating on the shares.
Deutsche Bank lowered the price target on Vistry Group to 1,207p from 1,259p and kept a Hold rating.
Deutsche Bank lowered the price target on Taylor Wimpey to 189p from 200p, keeping a Buy rating.
Deutsche Bank lowered the price target on Redrow to 801p from 809p, keeping a Buy rating on the shares.
Deutsche Bank lowered the price target on Bellway to 3,351p from 3,524p and maintained a Hold rating.
Deutsche Bank lowered the price target on Barratt Developments to 832p from 861p and kept a Buy rating.
JPMorgan reduced the price target on Royal Mail to 768p from 777p and held an Overweight rating.
JPMorgan increased the price target on BP to 590p from 570p, maintaining the Overweight rating.