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Fly News Breaks for August 31, 2017
LGIH
Aug 31, 2017 | 07:24 EDT
Wedbush analyst Jay McCanless upgraded LGI Homes to Outperform with a $49 price target saying the 15% share decline since early August 8 discounts risk of potential delays in Houston closings. The analyst said sees risks to 2017 earnings as beneficial to 2018 and said mortgage underwriting standards are loosening which should benefit core customer base.
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