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Fly News Breaks for February 6, 2017
LGIH
Feb 6, 2017 | 06:01 EDT
Wells Fargo analyst Stephen East downgraded LGI Homes to Underperform citing the company's "disappointing" January Closings, which fell nearly 26% to 172 from 232 last year despite community growth of 20%. This is the company's lowest Closing absorption pace since coming public in 2013, the analyst tells investors. He lowered his price target range for the shares to $26-$28.
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