TRI Pointe price target raised to $41 from $36 at Oppenheimer

Oppenheimer raised the firm’s price target on TRI Pointe to $41 from $36 and keeps an Outperform rating on the shares. The firm notes TRI Pointe reported Q4 earnings that were better-than-expectations. Guidance was close to in line with the Street, and could end up being conservative, Oppenheimer adds. Commentary on demand was positive, in the firm’s view. Oppenheimer finds TRI one of the most compelling growth stories in its coverage universe. The company also expects to grow its community count by 10% year-over-year in 2025 and continues to pursue expansion into new markets.