Taylor Morrison price target raised to $61 from $57 at RBC Capital

RBC Capital raised the firm’s price target on Taylor Morrison to $61 from $57 and keeps an Outperform rating on the shares. The company reported a better than expected Q4 and guided above estimates on FY24, particularly on gross margins, the analyst tells investors in a research note. Recent trends have been solid with January-February traffic and reservations trending positively after a stronger December, the firm added.