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Fly News Breaks for November 23, 2018
LGIH
Nov 23, 2018 | 07:23 EDT
Deutsche Bank analyst Nishu Sood lowered his price target for LGI Homes to $62 from $75 following the company's Q3 results. With volumes pre-reported and softening October numbers provided in a press release the night before earnings, the incremental information out of LGI's earnings report was a "net positive" for the outlook of the company, Sood tells investors in a research note. He expects above market organic growth will resume in fiscal 2019 and keeps a Buy rating on the shares.
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