Wedbush Downgrades Taylor Morrison Home to Neutral, Announces $52 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless has downgraded Taylor Morrison Home (NYSE:TMHC) from Outperform to Neutral and set a price target of $52. This change reflects a revised outlook on the company's stock by the analyst.

December 18, 2023 | 12:47 pm
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NEUTRAL IMPACT
Taylor Morrison Home has been downgraded by Wedbush from Outperform to Neutral with a price target of $52.
The downgrade from Outperform to Neutral by a prominent analyst could lead to a neutral short-term impact on TMHC's stock price as the market absorbs the news. The setting of a price target suggests a level that the analyst believes the stock will reach, which can influence investor expectations and stock performance. However, the impact may be moderated by market conditions and other factors affecting investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100