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BUZZ-HomeServe: 'Platform for growth' - Berenberg

Reuters - UK Focus

** British home repairs provider shares up 3 pct after Berenberg launches coverage with "buy", citing high-return core business and avenues for expansion

** The group's growth will come from its North American business in the next 3-5 yrs, Berenberg expects

** Broker also points to longer-term opportunities -- Homeserve (LSE: HSV.L - news) 's disruptive online platform businesses and roll out of its business model into additional geographies

** The broker's PT set at 1,150p implies 30 pct upside to current price level