Jefferies highlighted Genuit and Forterra as top UK construction picks due to defensive traits and attractive valuations.
Genuit expected to benefit from regulatory tailwinds like Future Homes Standard and AMP8, limiting earnings downgrades.
Forterra praised for strong cash generation, sub‑1x leverage and potential excess cash returns despite forecast cuts.
Both firms seen as relatively insulated from macro pressures, offering consistent returns in a weaker demand environment.