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Fly News Breaks for February 13, 2020
Feb 13, 2020 | 07:36 EDT
As previously reported, Wedbush analyst Jay McCanless downgraded Century Communities to Neutral from Outperform with a $38 price target. Year to date, the stock price has appreciated by 38% versus about 4% return for the S&P 500, he notes. At current levels, the analyst believes Century Communities' stock price fairly reflects the benign mortgage rate environment and the steady consumer demand as seen in the Q4 results
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