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Westhouse Securities has reduced its rating to “Neutral” from “Add”, with the target price at 2,585p. The broker is encouraged by positive trading momentum and management’s confident outlook for the remainder of the year, but downgraded its rating on recent share price strength.
Numis has upgraded the construction firm to “Buy” from “Add”, with a target price of 254p. The broker has upgraded its forecasts for 2014 and 2015 after management at the house-builder said it expects to exceed full year expectations on a continuation of positive trends seen recently.