Glonghui, April 16 | Brokerage firm BTIG lowered the target price of American homebuilder Houghton Homes from $174 to $169, maintaining a “buy” rating. BTIG lowered its pre-tax revenue forecast for leases and financial services, but kept the core residential construction index assumptions unchanged. BTIG believes that the sales environment for multi-family and single-family rental properties remains challenging, given the uncertainty of the capital market and investors' cautious preferences, so it changed the revenue forecast for non-residential construction. However, given its market share, efficient production business model, and focus on affordable entry-level homes, it is still considered that its overall positioning is superior to its peers. Over the past 12 months, the stock has cumulatively increased by more than 51%.