Taylor Wimpey rises as Goldman Sachs upgrades to 'neutral', raises TP

Taylor Wimpey

Tue 08:34

** Shares of British homebuilder Taylor Wimpey TW.L up 1.5% at 77.3 p 
** Goldman Sachs upgrades company to "neutral" from "sell" and raises target price to 82p from 69p
** "Following the recent re-basing of its shareholder return policy, the current valuation offers a more balanced risk/reward profile, with potential upside from the 'Your First Home' scheme offset by ongoing operational pressures in the South", Goldman Sachs says
** Six of the 19 analysts covering the stock have a "buy" or higher rating, 10 has "hold" while 3 rate it at "sell" or lower; median PT is 85 p- LSEG-compiled data
** YTD, Taylor Wimpey stock has fallen ~29% 
     
     
     

 (Reporting by Tuhina in Bengaluru)
 ((tuhina@thomsonreuters.com))