BUZZ-UK residential: bullish broker boosts sector prospects
** UK residential stocks notch strong gains as Jefferies raises price targets
** Berkeley, Bovis, Crest Nicholson (Stuttgart: C38.SG - news) , Bellway (LSE: BWY.L - news) and Redrow (LSE: RDW.L - news) among the top FTSE-250 midcap risers
** Barratt Developments (LSE: BDEV.L - news) among the top risers on FTSE 100
** Jefferies reckons predictability of cash returns is underpinning valuations and believes the sector is set for further re-rating over the next 12 months
** Gains seen across the sector, with the Thomson Reuters UK Homebuilding index up 0.5 pct on Thursday.
** Index had risen c.17 pct from May 8 British election results until Wednesday's close
(RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)