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BUZZ-Bovis Homes: 2nd top midcap gainer after strong FY finish

** UK housebuilder Bovis Homes (LSE: BVS.L - news) up 2.5 pct & 2nd top FTSE midcap gainer after co finishes FY with record profit

** Analysts say co's upbeat trading update quells margin concerns raised last yr & sets ground for more growth in 2016

** On valuation grounds Bovis presents the most compelling investment case in the sector, Jefferies writes, keeping "buy" rating

** Bovis trading at an 18.5 pct discount to peers on a forward P/E basis, Reuters data shows, despite 12.5 pct gain y/y

** UK's bluechip builders among the top 10 percentage gainers in 2015 (index up c.29 pct vs FTSE's 5 pct fall) & brokerages expect an outpeformance vs UK market in 2016 again

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** Co's update follows positive expressions for yr from larger cos Barratt Development & Taylor Wimpey

** Roughly a fifth of 30-day avg volume traded through on Bovis in half hr

** Separately, larger rival Persimmon (Other OTC: PSMMF - news) up 1.5 pct, among top FTSE gainers after Deutsche Bank (Other OTC: DBAGF - news) hikes TP to 2225p from 2131p (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)