TRI Pointe price target raised to $54 from $46 at Oppenheimer

Oppenheimer analyst Tyler Batory raised the firm’s price target on TRI Pointe to $54 from $46 and keeps an Outperform rating on the shares. TRI Pointe’s results were ahead of the firm’s expectations and management’s commentary was positive, the analyst tells investors in a research note. TRI Pointe is a compelling story, and its focus on land position in core market locations and its unique product offering are differentiators, the firm says.