- BTIG analyst Carl Reichardt downgraded LGI Homes (NASDAQ: LGIH) to Sell from Neutral with a $98 price target, implying an 11% downside.
- Carl showed concern about the company’s reliance on single-family rental investors for delivery volume and the impact of higher rates on those customers.
- The analyst thinks that LGI has a higher demand risk profile than its public peers.
- LGI closed 499 homes in February 2022.
- Price Action: LGIH shares are trading lower by 8.46% at $110.04 on the last check Wednesday.
Mar 2022 | JP Morgan | Maintains | Underweight | |
Dec 2021 | Wells Fargo (NYSE:WFC) | Upgrades | Underweight | Equal-Weight |
Jun 2021 | JMP Securities | Maintains | Market Outperform |
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