On Wednesday, Sterne Agee issued a research note, "Keep Buying Homebuilders," updating valuation and price targets for:
D.R. Horton, Inc. (NYSE: DHI),
Lennar Corporation (NYSE: LEN),
PulteGroup, Inc. (NYSE: PHM),
Meritage Homes Corp (NYSE: MTH),
Ryland Group Inc (NYSE: RYL),
Standard Pacific Corp. (NYSE: SPF) and
Tri Pointe Homes Inc (NYSE: TPH).
Big Picture – Strong Performance Vs. Broader Market
A Closer Look – 7 Homebuilders' YTD Performances
Several of these homebuilding stocks have significantly outperformed the two homebuilding ETFs YTD.
Sterne Agee – Growth Drivers
- "Rising Shelter Demand Could Be a Tailwind for Housing Stocks" – driven by strong household formation during the second half of 2014.
- "Investors Should Have Exposure to Move-Up Buyers" – Sterne Agee believes that the biggest contributor to near term revenues and earnings will be the traditional ...
/www.benzinga.com/analyst-ratings/analyst-color/15/02/5253449/why-1-analyst-just-raised-price-targets-on-these-7-homeb alt=Why 1 Analyst Just Raised Price Targets On These 7 Homebuilders>Full story available on Benzinga.com
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