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Fly News Breaks for February 13, 2018
LGIH
Feb 13, 2018 | 07:23 EDT
As previously reported, Wedbush analyst Jay McCanless upgraded LGI Homes to Outperform from Neutral, with a $73 price target, saying January's unit closing growth was well ahead of his full quarter growth assumptions, and the monthly average closings per community was flat year over year. The analyst believes LGI Homes' focus on affordable product for entry-level buyers and downsizing boomers is in "the sweet spot" of current housing demand, and views the stock as undervalued at current levels.
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