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.
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