Taylor Morrison price target raised to $68 from $62 at RBC Capital

RBC Capital raised the firm’s price target on Taylor Morrison (TMHC) to $68 from $62 and keeps an Outperform rating on the shares after its Q4 earnings beat. Key questions around demand and margin cadence remain, though the management cited better-than-normal seasonal Q4pace and some improvement in Jan, also expressing hopes that eventual mix shift back toward Built-to-Order can support gradual gross margin lift beyond Q1, the analyst tells investors in a research note.