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Fly News Breaks for June 8, 2018
AVHI, TMHC
Jun 8, 2018 | 07:12 EDT
Wells Fargo analyst Stephen East sees "significant value" in shares of Taylor Morrison Home (TMHC) following yesterday's selloff. The analyst believes the acquisition of A.V. Homes (AVHI) was the right move, both strategically and financially. "Long term this deal and price paid make sense," East tells investors in a research note. He reiterates an Outperform rating on Taylor Morrison with a $33.50 price target.
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