RBC Capital lowered the firm’s price target on TRI Pointe to $29 from $32 and keeps a Sector Perform rating on the shares after its Q3 results and Q4 guidance. The firm is citing Q3 EPS beat offsetting a softer Q4 estimate, also reducing its order outlook to reflect the weakening demand environment against higher interest rates, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TPH:
- TRI Pointe expects to deliver 1,600-1,800 homes in Q4
- TRI Pointe reports Q3 EPS 76c, consensus 57c
- Tri Pointe Homes, Inc. Reports 2023 Third Quarter Results
- Tri Pointe Homes, Inc. Announces Third Quarter 2023 Earnings Release and Conference Call Date
- Tri Pointe Homes Expands its Premium Lifestyle Builder Footprint With New Division in Utah