B. Riley raised the firm’s price target on Century Communities to $92 from $82 and keeps a Buy rating on the shares. The company’s Q2 results were ahead of estimates across all financial and operating metrics, the analyst tells investors in a research note. The analyst believes there is a greater likelihood of lower rates in 2024 and, as such, improving housing demand.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CCS:
- Century Communities raises FY23 revenue view $3.1B-$3.4B from $2.7B-$3.2B
- Century Communities reports Q2 EPS $1.60, consensus 97c
- Century Communities Reports Second Quarter 2023 Results
- CCS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Century Communities price target raised to $89 from $70 at Wedbush