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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TMHC: