Wedbush Downgrades Tri Pointe Homes to Neutral, Announces $32 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless has downgraded Tri Pointe Homes (NYSE:TPH) from Outperform to Neutral and set a price target of $32.
December 18, 2023 | 12:45 pm
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Wedbush analyst Jay McCanless downgraded Tri Pointe Homes to Neutral from Outperform and set a price target of $32.
The downgrade by Wedbush from Outperform to Neutral suggests a more cautious view on TPH's future price performance, which could lead to a neutral short-term impact on the stock price. The announcement of a $32 price target provides a specific expectation for the stock's value, which may influence investor sentiment and trading behavior.
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