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

Tri Pointe Homes (Delaware)

28/04/2025 14:52

** 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

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))