BUZZ-Foxtons & Crest Nicholson: Hit by Goldman Sachs downgrade
** Estate agent Foxtons down 3.7 pct & 2nd top loser on FTSE 250 & British housebuilder Crest Nicholson (Stuttgart: C38.SG - news) slips c.3.4 pct & top loser on FTSE 350 Household Goods Index after Goldman Sachs (NYSE: GS-PB - news) (GS (KSE: 078935.KS - news) ) downgrades
** GS cuts London-focused Foxtons to "sell" from "neutral", questioning its valuation premium over peers, despite positive outlook on housing transaction recovering in 2H15
** Foxtons up c.60 pct YTD & 3 of 6 brokerages rate the stock "sell" or lower, 1 "hold" and 2 "buy" or higher
** Brokerage cut on south-east England focused Crest (BSE: CREST.BO - news) Nicholson to "neutral" from "buy" due to results out performance & market maker says downgrade overshadowing H1 profit surge
** Stock has 4 "buy" or higher ratings & 4 "hold"; poised for largest intraday fall in 3mnths after rising 61 pct YTD
** GS raises Foxtons TP to 221p from 204p & vs analyst mean of 224.83p; keeps Crest Nicholson at 575p vs 554.13p mean
(RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)