Deutsche Bank Upgrades Taylor Morrison Home to Buy, Raises Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Joe Ahlersmeyer has upgraded Taylor Morrison Home (NYSE:TMHC) from Hold to Buy and increased the price target from $50 to $57.
December 08, 2023 | 9:39 am
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POSITIVE IMPACT
Taylor Morrison Home has been upgraded by Deutsche Bank from Hold to Buy with a raised price target from $50 to $57, indicating a positive outlook on the stock.
Upgrades by major banks often lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or market conditions for the company. The increase in price target further strengthens investor confidence, suggesting that the stock may be undervalued at its current price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100