RBC Capital Upgrades Taylor Morrison Home: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has upgraded Taylor Morrison Home (NYSE:TMHC) to Outperform with a new price target of $57.00, up from the previous $43.00. TMHC shares have risen 1.56% in the last 24 hours to $52.88. The new price target suggests a potential upside of 7.79%. Taylor Morrison Home is a residential construction company operating in various states, with the majority of its revenue coming from construction projects in the West and central regions.
January 12, 2024 | 5:00 pm
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RBC Capital has upgraded Taylor Morrison Home to Outperform and raised the price target from $43.00 to $57.00, indicating a positive outlook for the stock.
Analyst upgrades typically lead to positive short-term price movement as they reflect a positive change in the analyst's view of the company's future performance. The increase in price target suggests that RBC Capital sees substantial value in TMHC, which could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100