Market Overview

UPDATE: Credit Suisse Initiates WCI Communities with Outperform on Good Upside Potential

Share:

In a report published Monday, Credit Suisse analyst Daniel Oppenheim initiated coverage on WCI Communities (NYSE: WCIC) with an Outperform rating and $23.00 price target.

In the report, Credit Suisse noted, “We are initiating coverage of WCIC at Outperform with a $23 target price, representing 42% upside potential. Our rating is based on (1) our expectation for significantly above average growth, driven by volume growth supported by WCI's land position and community count growth, along with its industry-leading gross margins; and (2) discount valuation.”

WCI Communities closed on Friday at $16.24.

Latest Ratings for WCIC

DateFirmActionFromTo
Oct 2016Raymond JamesDowngradesOutperformMarket Perform
Sep 2016WedbushInitiates Coverage onNeutral
Aug 2016JMP SecuritiesInitiates Coverage onOutperform

View More Analyst Ratings for WCIC
View the Latest Analyst Ratings

 

Related Articles (WCIC)

View Comments and Join the Discussion!

Posted-In: Credit Suisse Daniel OppenheimAnalyst Color Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
PLTHCanaccord GenuityMaintains6.0
VLDRCraig-HallumInitiates Coverage On23.0
MFACNorthland Capital MarketsInitiates Coverage On15.0
CEREJefferiesInitiates Coverage On18.0
GIIIUBSInitiates Coverage On22.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com