KB Home, Floor & Decor: Are Housing Stocks Still Worth A Look? forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Reed Saxon/AP
Millennials are leaving cities and buying houses, spurring the housing market to new heights.
More millennials want homes than ever, and they want them in suburban and rural areas.
Bank of America analysts believe the strong housing market will boost home-improvement stocks.
The housing market has been caught in a perfect storm.
As COVID-19 cleared out cities, millions of Americans fled to the suburbs, spurring a boom in the housing market. At the same time, mortgage rates hit record lows, making it easier than ever to purchase a home. The cherry on top was a lumber shortage that cut into home construction and made new houses more expensive.
Markets
Berenberg Bank analyst Alex Maroccia maintained a Buy rating on Aaron’s Company (AAN – Research Report) today and set a price target of $28.00. The company’s shares closed last Tuesday at $30.65.
According to TipRanks.com, Maroccia is a 5-star analyst with an average return of 45.3% and a 84.4% success rate. Maroccia covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Fox Factory Holding.
Currently, the analyst consensus on Aaron’s Company is a Moderate Buy with an average price target of $27.33, which is a -9.7% downside from current levels. In a report issued on April 12, Jefferies also maintained a Buy rating on the stock with a $30.00 price target.
Wall Street Analysts Are Bullish on Top Consumer Goods Picks markets.co - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from markets.co Daily Mail and Mail on Sunday newspapers.