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Fly News Breaks for March 5, 2020
Mar 5, 2020 | 07:31 EDT
Wells Fargo analyst Truman Patterson raised the firm's price target on LGI Homes to $102 from $95 and keeps an Overweight rating on the shares. The analyst notes that the company's February Closings increased 54% year over year to 606, exceeding his 46%-plus expectation. Further, February's 2-year stacked growth rate accelerated to 61%-plus versus Q4's 36%-plus, he adds.
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