RBC Capital analyst Mike Dahl raised the firm’s price target on Taylor Morrison (TMHC) to $69 from $68 and keeps an Outperform rating on the shares. The company’s software orders and Q2 guide offset the Q1 margin beat, the analyst tells investors in a research note. Key risks remain around demand and gross margins given persistent affordability headwinds and the volatile macro/rate/geopolitical backdrop, the firm added.
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