Century Communities initiated with a Buy at Texas Capital

Texas Capital initiated coverage of Century Communities (CCS) with a Buy rating and $68 price target Century is a top 10 national homebuilder serving more than 45 markets across 17 states, notes the analyst, who sees the homebuilder having a competitive advantage through its more affordable Century Complete brand that targets entry-level, first-time homebuyers. While the firm does not expect Century to be immune from macro industry trends, it believes the homebuilder should outperform most peers, the analyst tells investors.