Green Brick price target raised to $59 from $55 at B. Riley

B. Riley raised the firm’s price target on Green Brick to $59 from $55 and keeps a Neutral rating on the shares. Green Brick continues to deliver industry-leading financial performance, highlighting 32% home sales gross margin and a strong balance sheet, the analyst tells investors in a research note. The macro outlook for homebuilding, particularly in Green Brick’s markets, is improving, the firm says.