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Fly News Breaks for January 13, 2020
FOR
Jan 13, 2020 | 08:33 EDT
JPMorgan analyst Michael Rehaut initiated coverage of Forestar Group with a Neutral rating and $22 price target. The analyst believes Forestar is well positioned to gain "significant share" over the next several years within the "highly fragmented" land development industry. However, he believes the current valuation fairly reflects the company's fundamental profile.
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