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In a report released Monday, Barclays analyst Stephen Kim revised price targets on all of the homebuilder covered by Barclays.
Barclays analysts revise its home builders price targets due to its FY15 projections shifting on its two major focuses of price-to-book and price-to-earnings. The financial lowers its near-term orders outlook by nearly 5 percent and increase its target prices because of continuous expansion in the covered companies book values.
Barclays Homebuilders Price Target Changes:
Meritage Homes
MTH reiterating Overweight rating on the stock and raising its price target from $49 to $52 a share.
PulteGroup
PHM: reiterating Underweight rating on the company and raising our price target from $20 to $22 a share.
Ryland Group
RYL: reiterating Equal Weight rating on the company and raising our price target from $45 to $48 a share.
Toll Brothers
TOL: reiterating Equal Weight rating on the company and raising our price target from $41 to $45 a share.
Additional price target increases with Lennar Corporation
LEN from $46 to $50 a share, following the company's 2Q14 earnings, KB Home
KBH from $18 to $20 a share, and D.R. Horton
DHI from $28 to $34 a share.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
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