LGI Homes price target raised to $85 from $75 at Citizens JMP

Citizens JMP raised the firm’s price target on LGI Homes (LGIH) to $85 from $75 and keeps an Outperform rating on the shares after hosting meetings with management. The company will reduce its standing spec inventory and bring leverage back toward 40% by early 2026, the analyst tells investors in a research note. The firm believes LGI has a plan to deal with lower demand while remaining profitable and managing leverage. It finds the stock’s valuation attractive at current share levels.