Taylor Morrison just upgraded at Deutsche Bank, here’s why

Deutsche Bank upgraded Taylor Morrison to Buy from Hold with a price target of $57, up from $50. The firm remains positive on the homebuilders group ahead of what it anticipates will be a strong spring selling season with or without a drop in interest rates. It continues to prefer certain stocks to others on the basis of asset efficiency and capital discipline. The upgrade of Taylor Morrison reflects a favorable relative valuation and expected momentum in the business due to its diversified buyer exposures, the analyst tells investors in a research note.