As previously reported, Wedbush downgraded TRI Pointe to Neutral from Outperform with a $32 price target. The firm cites valuation and the lack of an emerging catalyst to increase its price target on the name. While the setup for 2024 appears favorable, Wedbush believes it is already reflected in the stock.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TPH: