Wedbush analyst Jay McCanless raised the firm’s price target on Century Communities to $92 from $81 and keeps a Neutral rating on the shares. The firm notes that Century’s FY24 guidance, at the midpoints, was more than 15% higher on closings and total revenues versus its prior assumptions and versus the Thomson consensus estimates. Additionally, FY24 is off to a positive start with January 2024 orders approximately 30% higher year-over-year versus January 2023, Wedbush says.
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