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Fly News Breaks for January 27, 2020
SKY
Jan 27, 2020 | 09:34 EDT
SunTrust analyst Rohit Seth raised his price target on Skyline to $45 and kept his Buy rating, saying he is positive on the company's builder developer strategy unveiled at a trade show last week. The analyst believes in Skyline's "significant estimate upside potential" given the company's continued self-help opportunities, superior positioning to cyclical and secular tailwinds, as well as its M&A flexibility given its unlevered balance sheet. Seth adds that the better than expected industry data support Skyline's potential to outperform its earnings expectations.
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