Jay McCanless

In a report published Friday, Sterne Agee analyst Jay McCanless reiterated a Neutral rating and $40.00 price target on Lennar (NYSE: LEN). In the report, Sterne Agee noted, “We are reducing our FY14E/FY15E EPS to $2.24/$3.17 from $2.32/$3.31. These changes are strictly related to the conversion of...

In a report published Friday, Sterne Agee analyst Jay McCanless reiterated a Buy rating on D.R. Horton (NYSE: DHI). In the report, Sterne Agee noted, “We reiterate our Buy ratings on DHI, MDC, MTH, NVR, PHM, and RYL. Based on the positives of low competitive inventory, rising home prices, and...

In a report published Wednesday, Sterne Agee analyst Jay McCanless downgraded the rating on Taylor Morrison Home Corp. (NYSE: TMHC) from Buy to Neutral, and lowered the price target from $27.00 to $23.00. In the report, Sterne Agee noted, “We are reducing our rating on TMHC to Neutral from Buy,...

In a report published Friday, Sterne Agee analyst Jay McCanless downgraded the rating on Universal Forest Products (NASDAQ: UFPI) from Buy to Neutral, but reiterated the $47.00 price target. In the report, Sterne Agee noted, “We are downgrading UFPI to Neutral from Buy since the shares have risen...

In a report published Friday, Sterne Agee analyst Jay McCanless initiated coverage on Universal Forest Products (NASDAQ: UFPI) with a Buy rating and $45.00 price target. In the report, Sterne Agee noted, “We are initiating coverage of UFPI with a Buy rating and a $45 PT. Our PT is a 6.7x EV/EBITDA...

In a report published Thursday, Sterne Agee analyst Jay McCanless upgraded M.D.C. Holdings (NYSE: MDC) from Neutral to Buy and maintained a $36 price target. In the report, Sterne Agee stated, "We believe investors have overlooked the potential for easy operating comparisons in FY14, and at...

In a report published on Tuesday, Sterne Agee analyst Jay McCanless downgraded Beazer Homes  (NYSE: BZH) from Buy to Neutral and maintained a price target of $22.00. In the report, Sterne Agee noted, "Headline Risk Is The Reason We Are Downgrading BZH. We believe BZH management is pursuing a...