TRI Pointe price target lowered to $53 from $56 at Oppenheimer

Oppenheimer lowered the firm’s price target on TRI Pointe (TPH) to $53 from $56 and keeps an Outperform rating on the shares following the Q3 earnings report. Tri Pointe is an attractive story given its market expansion strategy, focus on land in core locations, and unique product offering, and while the 2025 EPS growth outlook is less robust than 2024’s, Oppenheimer is still modeling mid-single digit growth, which could be conservative, the analyst tells investors in a research note.