Wedbush Starts WCI Communities (WCIC) at Neutral

September 20, 2016 7:17 AM EDT
Get Alerts WCIC Hot Sheet
Price: $23.40 +0.21%

Rating Summary:
    4 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
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Wedbush initiates coverage on WCI Communities (NYSE: WCIC) with a Neutral rating and a price target of $21.00.

Analyst Jay McCanless commented, "We are initiating coverage of WCI Communities with a NEUTRAL rating and a $21 price target. WCIC is a pure play on the Florida market with a focus on the western coast of Florida. Recent existing home sales trends have not been encouraging, and we do not see an emerging catalyst to push the shares up to our price target in the near term."

For an analyst ratings summary and ratings history on WCI Communities click here. For more ratings news on WCI Communities click here.

Shares of WCI Communities closed at $17.55 yesterday.

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