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Fly News Breaks for October 25, 2018
TPH
Oct 25, 2018 | 08:23 EDT
As previously reported, Evercore ISI upgraded TRI Pointe to In Line from Underperform and maintained a $13 price target. Analyst Stephen Kim said the Homebuilders group has sold off sharply and is now trading at a 20% discount to book values, a traditional buy signal. Kim lowered volume and margin assumptions for 2019, but expects book values to still grow and views investor impairment concerns as "overblown."
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