LGI Homes price target lowered to $93 from $100 at Wedbush

Wedbush lowered the firm’s price target on LGI Homes (LGIH) to $93 from $100 and keeps a Neutral rating on the shares. Based on the sequential and year-over-year decline in May 2025’s closings and a lower-than-expected community count thus far in Q2, the firm lowered its revenue and EPS assumptions. Wedbush believes LGI’s May results demonstrate the highly competitive selling conditions for entry level builders in the current market environment.