Barratt Redrow Shares Slip After Deutsche Bank Lowers Price Target and Trims Profit Estimates
Shares of Barratt Redrow fell just over 2% on Monday after Deutsche Bank reduced its price target by 15% and cut underlying pre-tax profit forecasts for fiscal years 2026 through 2028. The broker pointed to deteriorating trading conditions, pressure on margins and order books, and a significant £1.3bn remediation provision that will weigh on cash g…