As previously reported, RBC Capital analyst Mike Dahl upgraded Taylor Morrison to Outperform and raised his price target to $25 from $23, saying the company's target gross margins appear to be more achievable with less prevalent price reductions. The analyst notes that Taylor Morrison's "breadth of pricing power" has relatively underperformed with 19% of base floor plans raising prices last month vs. 31% in its peer group, but reductions accounted for only 1% of base plans vs. 3% for its peers. Dahl also anticipates the company's order growth to pick up in the back half of 2019 as it begins to "lap easier comps" and benefits from its combination with A.V. Homes.