Strong Momentum In Homebuilding Industry: Raymond James' Take On Upgraded Ratings And Increased Price Targets
Portfolio Pulse from Lekha Gupta
Raymond James analyst Buck Horne has upgraded ratings on several homebuilding stocks due to bullish stance on the industry. He expects strong momentum in the homebuilding industry into H2 FY23. He upgraded Toll Brothers Inc (TOL) to 'Strong Buy' from 'Outperform' with a price target of $100. Lennar Corp (LEN), PulteGroup Inc (PHM), M.D.C. Holdings Inc (MDC), and KB Home (KBH) were upgraded to 'Outperform' with price targets of $150, $93, $55, and $61 respectively.
July 14, 2023 | 4:17 pm
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POSITIVE IMPACT
KB Home (KBH) was upgraded to 'Outperform' with a price target of $61.
The upgrade in rating and increase in price target by Raymond James indicates a positive outlook for the company, which could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Lennar Corp (LEN) was upgraded to 'Outperform' with a price target of $150.
The upgrade in rating and increase in price target by Raymond James indicates a positive outlook for the company, which could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
M.D.C. Holdings Inc (MDC) was upgraded to 'Outperform' with a price target of $55.
The upgrade in rating and increase in price target by Raymond James indicates a positive outlook for the company, which could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
PulteGroup Inc (PHM) was upgraded to 'Outperform' with a price target of $93.
The upgrade in rating and increase in price target by Raymond James indicates a positive outlook for the company, which could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Toll Brothers Inc (TOL) was upgraded to 'Strong Buy' from 'Outperform' with a price target of $100.
The upgrade in rating and increase in price target by Raymond James indicates a positive outlook for the company, which could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100