Forestar Group price target raised to $39 from $32 at Citi

Citi raised the firm’s price target on Forestar Group to $39 from $32 and keeps a Buy rating on the shares post the fiscal Q4 beat. The analyst says the company’s “dual share gain” tailwinds of new homes gaining share from resale homes and large public builders gaining share from privates look set to continue in 2024.