Barclays Revises Price Targets on Homebuilders

Loading...
Loading...
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
Posted In: Price TargetReiterationAnalyst RatingsConsumer DiscretionaryHomebuilding
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...