Smith Douglas Homes price target raised to $17 from $16 at BofA

BofA raised the firm’s price target on Smith Douglas Homes (SDHC) to $17 from $16 and keeps an Underperform rating on the shares. The firm is updating its price targets for homebuilders under its coverage, the analyst tells investors. BofA believes the recent Fed cut is unlikely to meaningfully change the near-term trajectory of the housing market.