As previously reported, Wedbush downgraded Cavco Industries (CVCO) to Neutral from Outperform with an unchanged price target of $480. With Cavco shares up 49% year-to-date through December 2 and having moved through the firm’s unchanged target, the firm believes the shares reflect the stock repurchase and backlog growth catalysts and does not see a new catalyst to raise its target further, the analyst tells investors.
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Read More on CVCO:
- Cavco Industries downgraded to Neutral from Outperform at Wedbush
- Cavco Industries price target raised to $495 from $422 at Craig-Hallum
- Cavco Industries Reports Strong Q2 Results and New Buyback
- Cavco Industries reports Q2 EPS $5.28, consensus $4.76
- Cavco Industries announces $100M stock repurchase program