| CATEGORY: BROKER RECOMMENDATIONS SECTOR: FINANCIAL SERVICES |
Broker snap: Paragon in shop window |
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Wed 28 Nov 2007
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LONDON (SHARECAST) - Troubled buy-to-let mortgage lender Paragon recovered further ground today as Credit Suisse lifted the shares to 'outperform' from 'neutral' and upped the price target to 175p from 145p.
The broker notes that last Friday’s securitisation data highlighted an improved buy-to-let arrears performance, which eased some of its concerns.
It also reckons Paragon may attract a takeover bid.
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