Wedbush Downgrades Century Communities to Underperform, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless downgraded Century Communities (NYSE:CCS) from Neutral to Underperform and reduced the price target from $92 to $82.

April 02, 2024 | 3:28 pm
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Century Communities was downgraded by Wedbush from Neutral to Underperform, with a price target reduction from $92 to $82.
The downgrade by a prominent analyst like Jay McCanless from a major firm such as Wedbush is likely to negatively impact investor sentiment towards Century Communities in the short term. The reduction in the price target further emphasizes a bearish outlook on the stock, suggesting that the analyst sees less upside potential or increased risks that could depress the stock's performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100