Landsea Homes price target raised to $10 from $8 at B. Riley

B. Riley analyst Alex Rygiel raised the firm’s price target on Landsea Homes to $10 from $8 and keeps a Buy rating on the shares. While new orders were low in Q4, management has increased incentives and lowered base prices to drive higher absorption year-to-date, the analyst tells investors in a research note. The firm says Landsea has a solid balance sheet and good liquidity, with a focus on cash flow generation ahead of an improving housing market.