UPDATE: Wells Fargo Starts Forestar Group (FOR) at Overweight Citing the Company as His High Conviction Idea

April 15, 2021 4:32 PM EDT
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Price: $19.13 +0.84%

Rating Summary:
    8 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 13 | New: 22
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(Updated - April 16, 2021 8:29 AM EDT)

Wells Fargo analyst Deepa Raghavan initiates coverage on Forestar Group (NYSE: FOR) with a Overweight rating and a price target of $32.00 while citing the company as his high conviction name.

He stated "Post an unexpectedly robust 2020, builders have somewhat depleted their land banks and are now trying to replenish.However, desirable & finished lots are not readily available and hence, come at a premium. Land is the primary input to feed growth and builders that have premium access should gain share."

For an analyst ratings summary and ratings history on Forestar Group click here. For more ratings news on Forestar Group click here.

Shares of Forestar Group closed at $25.06 yesterday.

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