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Barclays upgrades on Travis Perkins to 'overweight'

By Benjamin Chiou

Date: Thursday 16 May 2024

(Sharecast News) - Barclays has raised its rating on builders merchant Travis Perkins from 'equal weight' to 'overweight', saying that the stock is an "undervalued UK recovery play".
Despite optimistic earnings forecasts, Travis Perkins shares have fallen by nearly 50% since the start of 2022, dropping from around the 1,500p mark...

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