TRI Pointe price target lowered to $43 from $53 at Oppenheimer

Oppenheimer lowered the firm’s price target on TRI Pointe (TPH) to $43 from $53 and keeps an Outperform rating on the shares following quarterly results. The firm is reducing its 2025 EPS estimates given management guidance. Oppenheimer sees 2025 as a pause in a broader uptrend. TRI Pointe is well positioned given its strong management team, focus on land positions in core market locations, and its unique product offering. New market expansion should further diversify the business and lead to a faster growth outlook than peers. The firm sees TRI Pointe as a share gainer in the years ahead.