Smith Douglas Homes price target raised to $35 from $25 at Wells Fargo

Wells Fargo analyst Sam Reid raised the firm’s price target on Smith Douglas Homes to $35 from $25 and keeps an Equal Weight rating on the shares. The firm notes the company’s Q2 was solid and shares were justifiably up, more than overshadows the order miss and slower July/August trends. All-in, an impressive quarter, says Wells.