Jefferies Downgrades Travis Perkins to Underperform, Reduces PT

08:44 AM EST, 12/03/2025 (MT Newswires) -- Jefferies on Wednesday downgraded building materials merchant Travis Perkins (TPK.L) to underperform from hold and cut its price target to 5.35 pounds sterling from 5.94 pounds. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)