Pursuits
Taylor Wimpey Leads U.K. Homebuilder Declines After Downgrades
This article is for subscribers only.
Taylor Wimpey Plc led a decline in U.K. homebuilder shares after Jefferies Group LLC downgraded nine of the companies and predicted a weak market in the first half.
Taylor Wimpey fell as much as 6.2 percent, the most in seven months, after Jefferies cut the High Wycombe, England-based company to hold from buy. Berkeley Group Holdings Plc, London’s biggest homebuilder, Persimmon Plc and property website Rightmove Plc were cut to underperform from hold Jefferies said in a note to clients today. Barratt Developments Plc was downgraded from buy to underperform.