Bank of America Cuts Taylor Morrison EPS Forecast 6% and Lifts Price Target to $70
Bank of America downgraded Taylor Morrison to Neutral, lifted its price target to $70 and cut 2026 EPS by 6% to about 18% below consensus. The firm warned home deliveries may lag peers even as Taylor Morrison controls 84,564 lots and plans to open over 100 new communities.
1. BofA Downgrade and Forecast Revision
Bank of America shifted Taylor Morrison Home Corporation from a Buy to a Neutral rating, increased its price target from $68 to $70 and reduced its 2026 EPS estimate by 6%, now roughly 18% below consensus. The downgrade reflects concerns that Taylor Morrison’s home delivery pace may trail industry peers, posing downside risk to earnings.
2. Portfolio Expansion and Technology Initiatives
Taylor Morrison currently controls 84,564 homebuilding lots and expects to launch more than 100 new communities over the next year, underscoring ongoing geographic and inventory growth. The company has also introduced an AI-powered digital assistant to personalize and streamline the homebuying experience through data-driven guidance.