Taylor Morrison price target raised to $77 from $74 at RBC Capital

RBC Capital analyst Mike Dahl raised the firm’s price target on Taylor Morrison (TMHC) to $77 from $74 and keeps an Outperform rating on the shares. The company delivered solid outperformance this quarter, maintaining a strong gross margin trajectory into FY25, with orders also remaining “resilient”, the analyst tells investors in a research note. Broader housing risks remain as rates rise again and affordability remains challenged, but Taylor Morrison is operating from a relative position of strength, which should gain greater investor attention, the firm added.