BUZZ-UK housebuilders: brokers bullish

** Liberum upgrades Persimmon (Frankfurt: 882058 - news) to "buy" (+2.9 pct) and reiterates "buy" for Bellway (Stuttgart: 41B.SG - news) (+2.6 pct), Berkeley (+0.2 pct) and MJ Gleeson (LSE: GLE.L - news) (trades flat)

** Broker raises PT prices sector wide as sales have picked up and risks faded; it still expects a mild slow-down, but not a hard landing

** Credit Suisse (LSE: 0QP5.L - news) raise its FY17 volume & HPI forecasts to 4% (from 0%) and 3% (from 0%) for the UK housing market (outside London), following resilience in post-Brexit data points

** "On London, we maintain our bearish stance, and forecast volumes of -5% and 0% and HPI (Xetra: CEW3.DE - news) growth of -5% and 0% in FY17 and FY18 respectively", it adds

** Consistent with revised outlook, the brokerage raises average FY17 and FY18 EPS forecasts across the sector (ex. Berkeley ) by an average of 17%

** It reiterates its "outperform" rating on Bellway (Frankfurt: 869646 - news) and "underperform" rating on Berkeley Group (+0.3 pct), maintains "neutral" rating on Barratt Developments (Frankfurt: 859551 - news) (+2.1 pct), Persimmon and Taylor Wimpey (LSE: TW.L - news) (+1.5 pct)

** CS says some form of increased funding to aid developers likely to be announced in Nov

** FTSE 350 Household Goods index down just 3 pct from pre Brexit vote levels