TMHC Should I Buy

Citizens analyst James McCanless downgraded Taylor Morrison (TMHC) to Market Perform from Outperform without a price target citing the company's agreement to sell to Berkshire Hathaway (BRK.A, BRK.B) for $72.50 per share. While there is a slight probability that another offer emerges from private equity, the Japanese homebuilding companies, or larger domestic builders, a competing bid is "highly unlikely," the analyst tells investors in a research note.