Seaport Global Downgrades LGI Homes to Sell, Announces $85 Price Target
Portfolio Pulse from Benzinga Newsdesk
Seaport Global analyst Kenneth Zener has downgraded LGI Homes (NASDAQ:LGIH) from Neutral to Sell and set a price target of $85.
August 05, 2024 | 11:19 am
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Seaport Global analyst Kenneth Zener has downgraded LGI Homes from Neutral to Sell and set a price target of $85.
The downgrade from Neutral to Sell and the announcement of a price target of $85 by Seaport Global is likely to negatively impact LGI Homes' stock price in the short term. Downgrades typically signal a lack of confidence in the stock's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100