JPMorgan analyst Michael Rehaut upgraded Century Communities (CCS) to Neutral from Underweight with a price target of $97, down from $110. After maintaining a positive homebuilder sector stance over the past two years, the firm is shifting to a “more cautious, less constructive approach” for 2025. JPMorgan anticipates a “significantly” less supportive demand/supply industry backdrop, saying builder fundamentals will likely feature margin and return on equity contraction during the upcoming year. Ina addition, stock valuations remain full, the analyst tells investors in a research note. The firm adjusted ratings as part of its 2025 outlook. Several key demand drivers for housing – specifically, rates, employment growth and affordability – are not expected to improve significantly in 2025, it contends.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCS:
- Century Communities Announces Leadership Changes and Bylaws Update
- Century Communities price target raised to $96 from $90 at Wedbush
- Century Communities price target raised to $119 from $113 at B. Riley
- Century Communities raises FY24 home sales view to $4.3B-$4.4B from $3.8B-$4.2B
- Century Communities reports Q3 adjusted EPS $2.72, consensus $2.56