Forestar Group price target lowered to $29 from $36 at BTIG

BTIG lowered the firm’s price target on Forestar Group (FOR) to $29 from $36 and keeps a Buy rating on the shares. The company’s Q2 saw better lot sales volume, lower SG&A/sales and a lower tax rat that drove the beat, but this was partially offset by lower average revenue per lot and its FY25 guidance was disappointing, with lot volume and revenue expectations reduced by 6% at their midpoints from previous guide, the analyst tells investors in a research note.