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BUZZ-Persimmon: shares pull back after hitting record high, Numis cuts

Reuters - UK Focus

** Persimmon Plc (Other OTC: PSMMF - news) pares gains soon after touching all-time high

** Co reports strong H1 results, robust outlook

** Numis raises 2015 and 2016 pretax profit estimates on better-than-expected margin growth but slashes rating on the stock to "reduce" from "hold"

** "Whilst the company does have good income attractions and strong returns we feel superior value exists elsewhere, Numis says

** Stock top loser on the FTSE-100 Index soon after rising 1.6 pct to 2156 p earlier today. High volumes see more than half a full-day's avg traded

** Co anticipates good autumn selling season after the summer holiday period draws to a close in early Sept (aashika.jain@thomsonreuters.com)