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


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

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

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

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