Wedbush raises PT on TRI Pointe Homes, upgrades to 'outperform'

ReutersApr 28, 2025 1:52 PM

Wedbush raises price target on homebuilder TRI Pointe Homes (Delaware) TPH.N to $43 from $38, upgrading rating to 'outperform' from 'neutral'

New price target represents 41.8% upside to stock's last close

TPH up 2.6% at $31.13 in early trading

Says reason for upgrade due to consistent share repurchases, achievable 2025 guidance and resilient demand from move-up and active adult buyers

Brokerage raises 2025 EPS forecast to $3.13 from $2.99

Over the last nine quarters until Q1 2025, co spent total $397 mln on share repurchases - Brokerage

5 of 7 brokerages rate the stock "buy" or higher, 2 "hold"; their median PT is $38.50 - data compiled by LSEG

As of last close, stock had fallen 15% YTD

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