** Taylor Wimpey & Barratt Developments bothhit near 8-yr highs in decent volume as Deutsche Bank hikestarget prices for pair
** Both stocks beneficiaries of MSCI rebalance on May 29;one trader cites this as additional catalyst
** DB hikes TP for Taylor Wimpey to 210p vs 173p, & forBarratt to 659p vs 576p (DB rated at 5 stars for recommendationaccuracy on Barratt, according to StarMine)
** Broker sees dividend yield as increasingly importantvaluation tool; notes avg divi yield of 4% in 2015E & selectedcos paying 6%+ & that UK housebuilders feature strongly in thetop ranks of yields in the FTSE indexes
** Taylor Wimpey, Barratt & Bovis remain its topsector picks (DB lifts Bovis's TP to 1,266p vs 1,114p, stock up0.2 pct)
** Upside to broker's TPs for Taylor Wimpey & Barratt nowmore moderate after strong performance, but sees further upsidefor those valuing solely on divi; Bovis is its growth stock ofchoice
** Taylor Wimpey & Barratt 3rd & 4th top FTSE 100 risers, up 1.6 pct & 1.5 pct respectively; also 3rd & 4th mostactively traded stocks on the index, respectively (RM: tricia.wright1.thomsonreuters.com@reuters.net)