Persimmon target trimmed by Jefferies, but US bank unfazed by cost comments
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Jefferies has trimmed its price target for Persimmon PLC due to rising costs and National Insurance hikes affecting the company's workforce and delivery margins. However, Jefferies remains optimistic about Persimmon's future completions and margins.
November 07, 2024 | 1:00 pm
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Jefferies has reduced its price target for Persimmon due to cost concerns, but remains positive about the company's future performance.
Jefferies' decision to trim the price target reflects concerns over rising costs and National Insurance hikes impacting Persimmon's workforce and margins. However, the bank's positive outlook on future completions and margins suggests a neutral short-term impact on the stock price.
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