Texas Capital initiated coverage of Green Brick with a Buy rating and $71 price target. Green Brick is an "under-followed" and "high-quality" homebuilder focused on infill and infill-adjacent locations mostly within the Dallas and Fort Worth, Texas and the Atlanta, Georgia markets, the analyst tells investors in a research note. The firm says the company is addressing affordability concerns and has a "catalyst for growth" in the coming years as new communities and geographies are added.
