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FOR

Forestar Group

$19.75

0.21 (1.07%)

, DHI

D.R. Horton

$43.48

-0.88 (-1.98%)

07:10
07/08/19
07/08
07:10
07/08/19
07:10

Forestar Group initiated with an Outperform at Wells Fargo

Wells Fargo started coverage of Forestar Group (FOR) with an Outperform rating and a $23 price target. The company's relationship with D.R. Horton (DHI) provides a unique growth opportunity and visibility over the next several years, the firm contends, adding that it believe Forestar has a clear path to increase lot sales by 10 times and Revenues by 9 times over 3 years, driving a 54% EPS CAGR the next 2 years, while having near-term support given D.R. Horton's land requirements.

FOR

Forestar Group

$19.75

0.21 (1.07%)

DHI

D.R. Horton

$43.48

-0.88 (-1.98%)

  • 25

    Jul

  • 30

    Jul

FOR Forestar Group
$19.75

0.21 (1.07%)

04/16/19
04/16/19
INITIATION
Target $23

Buy
Forestar Group initiated with a Buy at BTIG
As previously reported, BTIG analyst Ryan Gilbert initiated Forestar Group (FOR) with a Buy rating and a price target of $23, saying that along with its majority shareholder D.R. Horton (DHI), the company's new development model called "lot manufacturing" can "produce higher returns and more consistent growth" than other developers. The analyst believes that Forestar Group can "rapidly expand its model into new markets" and capture share from undercapitalized, fragmented private developers, forecasting the company to grow annual revenue by an average of 122% per year over the next 3 years. Gilbert contends that Forestart Group's growth potential is not priced in.
04/16/19
04/16/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Dow Inc. (DOW) initiated with a Top Pick at RBC Capital. 2. Ensco Rowan (ESV) initiated with an Overweight at Morgan Stanley. 3. Micron (MU) initiated with a Neutral at Nomura Instinet. 4. SkyWest (SKYW) initiated with a Buy at Stifel. 5. Forestar Group (FOR) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/05/19
BUCK
06/05/19
INITIATION
Target $23
BUCK
Buy
Forestar Group initiated with a Buy at Buckingham
Buckingham analyst Megan McGrath initiated Forestar Group with a Buy rating and $23 price target.
06/05/19
BUCK
06/05/19
INITIATION
Target $23
BUCK
Buy
Forestar Group initiated with a Buy at Buckingham
Buckingham analyst Megan McGrath initiated Forestar Group (FOR) with a Buy rating and $23 price target, reflecting 30% upside from current levels. In a research note to investors, McGrath says she remains constructive on U.S. housing growth and see Forestar as a pure-play housing company at a compelling valuation, adding that it is creating a unique company that provides a heavily in-demand product. Looking ahead, McGrath expects D.R. Horton's (DHI) ownership to lessen, but predicts it will have a meaningful economic interest in Forestar for some time to come.
DHI D.R. Horton
$43.48

-0.88 (-1.98%)

04/17/19
SUSQ
04/17/19
DOWNGRADE
SUSQ
Neutral
Susquehanna downgrades D.R. Horton, Lennar, TRI Pointe in homebuilder shuffle
As previously reported, Susquehanna analyst Jack Micenko downgraded homebuilders D.R. Horton (DHI), Lennar (LEN) and TRI Pointe (TPH), all to Neutral from Positive, stating that he is "taking money off the table" after a period of solid performance from the group and not making a call into the quarter. After visiting 200+ communities, he thinks 2019 has "evolved into a classic spring season for both demand and the stocks," noting that homebuilders' spring trade is typically characterized by a period of underperformance. He lowered his price target on D.R. Horton shares to $46 from $49, cut his target on Lennar to $57 from $64 and lowered his target on TRI Pointe to $14 from $16.
04/22/19
KBWI
04/22/19
DOWNGRADE
Target $47
KBWI
Market Perform
D.R. Horton downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette analyst Jade Rahmani downgraded D.R. Horton to Market Perform from Outperform with an unchanged price target of $47. The analyst cites valuation for the downgrade with the shares nearing her price target.
04/22/19
04/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Underperform from In Line at Evercore ISI with analyst Arndt Ellinghorst citing his more cautious view on demand for its vehicles, in particular the recent "severe decline" in demand for the Model S and Model X. 2. Schlumberger (SLB) downgraded to Sell from Hold at Tudor Pickering. 3. Dunkin' Brands (DNKN) downgraded to Hold from Buy at Maxim. 4. D.R. Horton (DHI) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Jade Rahmani citing valuation. 5. Occidental Petroleum (OXY) downgraded to Neutral from Buy at Mizuho with analyst Paul Sankey saying reports of Occidental bidding for Anadarko (APC) are "well outside" his "prior understanding of company strategy." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

TAP

Molson Coors

$54.37

0.08 (0.15%)

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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BAS

Basic Energy

$1.81

-0.1 (-5.24%)

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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QTRH

Quarterhill

$1.23

(0.00%)

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:00
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Earnings
Microsoft sees total Q1 revenue at implied $31.7B-$32.4B, consensus $32.0B »

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RRGB

Red Robin

$30.58

0.32 (1.06%)

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Red Robin up 17% after confirming $40.00 per share offer from Vintage Capital »

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T

AT&T

$33.09

-0.17 (-0.51%)

17:54
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Periodicals
AT&T mulls sale of Puerto Rican business to pay down debt, Bloomberg says »

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RRGB

Red Robin

$30.58

0.32 (1.06%)

17:53
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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:50
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Hot Stocks
Microsoft CFO: Q4 another quarter of double-digit top and bottom line growth »

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HBIO

Harvard Bioscience

$1.78

0.03 (1.71%)

17:46
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Harvard Bioscience names Michael Rossi CFO »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:43
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Microsoft CEO seeing growing momentum across every layer of its stack »

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

17:38
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Intuitive Surgical falls after Q2 report, despite earnings beat »

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GLD

SPDR Gold Shares

$136.44

1.85 (1.37%)

17:33
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SPDR Gold Shares holdings rise to 814.62MT from 803.18MT »

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WAL

Western Alliance

$44.45

0.74 (1.69%)

17:29
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Earnings
Western Alliance reports Q2 EPS 1.19, consensus $1.16 »

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ENB

Enbridge

$36.29

0.17 (0.47%)

17:22
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Initiation
Enbridge initiated at Goldman Sachs »

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  • 02

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SEAS

SeaWorld

$33.81

0.38 (1.14%)

17:21
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Travel company Virgin Holidays will end selling tickets to SeaWorld, Sun says »

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  • 06

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IEP

Icahn Enterprises

$75.06

-0.14 (-0.19%)

17:20
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Syndicate
Breaking Syndicate news story on Icahn Enterprises »

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RICK

RCI Hospitality

$16.80

0.08 (0.48%)

17:13
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BEDU

Bright Scholar

$9.60

-0.06 (-0.62%)

17:03
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Earnings
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  • 19

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

17:03
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CUB

Cubic

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-0.37 (-0.55%)

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CLRO

ClearOne

$2.27

(0.00%)

16:52
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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

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  • 18

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ETN

Eaton

$79.03

-0.36 (-0.45%)

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