In a new research report from John Lovallo, who covers homebuilders at
Merrill Lynch, he makes the case that the industry is on sale as the
group was hammered recently over fears of rising interest rates. Lovallo
feels that 2018 is lining up well despite the probability of rising
rates, and he feels the pullback in the top stocks is providing a huge
opportunity, especially for the firm’s top picks:
D.R. Horton: ML Target: $71 WS Target: $56.80 Current: $44.55
Lennar: ML Target: $90 WS Target: $78 Current: $59
Pulte: ML Target: $42 WS Target: $35.75 Current: $28
Toll Brothers: ML Target: $60 WS Target: $64.11 Current: $43.75
No comments:
Post a Comment