No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Stifel upgraded builders' merchant Travis Perkins to 'buy' from 'hold' on Friday as it said the risk/reward was compelling at a historically low share price.
"We may be early, but we are convinced that Chair Drabble can keep improvement actions going and will bring in a high calibre CEO, that the cycle will turn and that our 2025 estimate is set conservatively," it said.
"Earnings should at least double if the 15% volumes lost since 2021 are recovered."
Stifel also said that consolidator QXO "appears to be just getting started".
It noted almost 50% upside to its unchanged 750p target price for Travis Perkins.
At 0935 BST, the shares were up 2.3% at 525.50p.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.