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Fly News Breaks for February 27, 2017
TPH
Feb 27, 2017 | 05:43 EDT
Deutsche Bank analyst Nishu Sood downgraded TRI Pointe to Hold saying three years post the WRECO merger, there has "been no sustained benefit to profits, especially gross margins." The "gap between rhetoric and reality has left the narrative of the stock damaged," Sood tells investors in a research note. He cut his price target for the shares to $13 from $17.
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