Wells Fargo Starts Taylor Morrison Home (TMHC) at Outperform

May 20, 2013 8:36 AM EDT Send to a Friend
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Price: $19.28 +0.63%

Rating Summary:
    5 Buy, 6 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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Wells Fargo initiated coverage on Taylor Morrison Home (NYSE: TMHC) with an Outperform rating and a price target of $35-$37. Analyst Adam Rudiger thinks the company is well positioned to outperform vs peers.

"Given above-average operating margins, strong expected community count growth, solid liquidity, and a deep land position, we believe TMHC deserves to trade at least in line with other public homebuilding peers. As such, we rate the shares Outperform," said Rudiger.

For an analyst ratings summary and ratings history on Taylor Morrison Home (NYSE: TMHC) click here. For more ratings news on Taylor Morrison Home click here.

Shares of Taylor Morrison Home closed at $25.33 yesterday.

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