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Analyst Roundup: Should Toll Brothers Investors Build A Position After Q3 Report?
Wednesday, August 21, 2019 - 2:54pm | 533Toll Brothers Inc (NYSE: TOL) reported a top-and-bottom-line beat in its fiscal third-quarter on Tuesday. The luxury homebuilder followed up with encouraging commentary on the fiscal fourth quarter. Here's how some of the Street's top analysts reacted to the print. The Analysts Wells...
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Analyst Downgrades Homebuilders On Macro, Cycle Concerns
Tuesday, June 18, 2019 - 3:52pm | 423Homebuilders Lennar Corporation (NYSE: LEN) and KB Home (NYSE: KBH) have seen their share prices go up, likely because of low interest rates, but there are macroeconomic headwinds looming and concerns about high housing inventory that led Raymond James to downgrade both stocks. The Analyst Raymond...
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Raymond James Downgrades Lennar On Valuation, Still Likes Long-Term Prospects
Monday, April 1, 2019 - 8:39am | 321Homebuilder Lennar Corporation (NYSE: LEN) last week reported an EPS miss in its fiscal first-quarter results but other metrics were "encouraging," according to Raymond James. The Analyst Raymond James' Buck Horne downgraded Lennar from Strong Buy to Outperform with an unchanged $55...
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Raymond James Steps To The Sidelines On KB Home After 25% Run
Monday, February 25, 2019 - 4:22pm | 341Shares of homebuilder KB Home (NYSE: KBH) are up around 25 percent since the start of 2019 and investors may want to consider taking a "step back," according to Raymond James. The Analyst Raymond James' Buck Horne downgraded KB Home from Outperform to Market Perform with no assigned...
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Analyst: Toll Brothers Holds 'Strong And Flexible Position,' Can Navigate Economic Challenges
Monday, February 11, 2019 - 3:28pm | 341Despite near-term macro challenges, homebuilder Toll Brothers Inc (NYSE: TOL) enjoys a strong position, and its cash flow strength could result in an accelerated share repurchase program, according to Raymond James. The Analyst Raymond James’ Buck Horne maintains an Outperform rating on...
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Raymond James: 'Strong Entry Point' For KB Home
Friday, September 28, 2018 - 8:42am | 321Following strong upside and continued momentum, one analyst raised estimates for homebuilding company KB Home (NYSE: KBH) The Analyst In a Sept. 27 note, Raymond James analyst Buck Horne upgraded KB Home from Market Perform to Outperform with a $30 price target. The Thesis KB Home's earnings...
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Raymond James Upgrades Homebuilder D.R. Horton After 'Strong' Q3
Wednesday, August 1, 2018 - 2:19pm | 368Construction company D.R. Horton, Inc. (NYSE: DHI)’s upside return on invested capital is enough to warrant a new valuation approach, according to Raymond James. The Analyst Raymond James analyst Buck Horne upgraded D.R. Horton from Outperform to Strong Buy with a price target...
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With Synergies Realized, Raymond James Starts CalAtlantic At Outperform
Friday, May 13, 2016 - 12:59pm | 276Although CalAtlantic Group Inc (NYSE: CAA) reported robust 1Q16 results, the stock is trading at a 20-25 percent discount to its larger cap peers. Raymond James’ Buck Horne upgraded the rating on the company from Market Perform to Outperform, with a price target of $39. Synergies...
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Raymond James Downgrades WCI Communities After 'Sudden Collapse' Of March Orders
Thursday, April 28, 2016 - 10:32am | 493Shares of WCI Communities Inc (NYSE: WCIC) fell 4.6 percent after Raymond James downgraded the stock to Outperform from Strong Buy on "surprise" drop in order growth. The Florida-based lifestyle community developer reported first-quarter earnings of $0.25, topping consensus view of $0.17 on 63.9...
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Raymond James Downgrades PulteGroup, Believes 'Overhangs Linger'
Monday, April 25, 2016 - 3:02pm | 296Raymond James has downgraded PulteGroup, Inc. (NYSE: PHM) to Market Perform from Outperform on the CEO succession issues, potential gross margin pressures and drop in absorption rates. The Atlanta, Georgia-based homebuilder is embroiled in an ongoing saga between the company's founder and...
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Raymond James Believes Single-Family REIT Sector Is 'Overlooked,' Suggests 2 Strong Buys
Tuesday, June 9, 2015 - 2:19pm | 936On Friday, Raymond James analyst Buck Horne and his team published a research note updating valuations on the residential REIT sector and reiterating Strong Buy ratings on two single-family home rental REITs: American Homes 4 Rent (NYSE: AMH): $3.5 billion cap, 1.2 percent yield American...
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Raymond James Apartment REIT Update Includes 2 Buys And 1 Notable Sell
Monday, June 8, 2015 - 1:16pm | 831On Friday, Raymond James & Associates (RJA) analyst Buck Horne and his team published a report updating the multifamily REITs in its coverage universe prior to NAREIT's REITWeek presentations, including: Post Properties Inc (NYSE: PPS): $3 billion cap, 2.86 percent yield; Upgraded to...
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Raymond James' Mass Downgrade Of Homebuilders Shows...It Doesn't Like Them Very Much
Friday, May 15, 2015 - 3:11pm | 500Raymond James talked about homebuilders on Friday, and revealed that it's not very confident in the sector. PulteGroup, Inc. (NYSE: PHM), the nation’s largest homebuilding company, was downgraded from Outperform to Market Perform. Raymond James analyst Buck Horne removed the stock...
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MKM: Year-End 'Hope Trade' Boosts Home Builders
Friday, November 21, 2014 - 4:18pm | 269With home-builder shares up 18 percent on average in the past month, an analyst boosted ratings on three players in the sector Friday to Market Perform. "Now isn't time of year to be short on home-builders,' Raymond James' Buck Horne said in a research note boosting ratings on...
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UPDATE: Raymond James Upgrades The St. Joe Company Based On 'Huge' Cash Surplus
Friday, May 23, 2014 - 9:04am | 154In a report issued Friday, Raymond James upgraded its rating of The St. Joe Company (NYSE: JOE) from Market Perform to Outperform with a target price of $25. A team of analysts led by Buck Horne sees that with a huge cash surplus, The St. Joe Company will be well poised for future development...