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Fly News Breaks for February 10, 2020
WLH, TMHC
Feb 10, 2020 | 08:14 EDT
JPMorgan analyst Michael Rehaut reinstated coverage of Taylor Morrison with an Overweight rating with a price target of $33, up from $29, following a period of restriction. The company stands to gain "material benefits" from the William Lyon Homes acquisition, Rehaut tells investors in a research note. The analyst expects an increased market positioning and overall scale driving improvement to both gross margins and costs over the next few years.
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