Gabelli Initiates Tri Pointe Homes With Buy - Tri Pointe Homes (NYSE:TPH)

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Tri Pointe Homes Inc

(NYSE: TPH) with a Buy rating.The target price for Tri Pointe Homes is set to $19.Tri Pointe Homes shares have gained 0.76 percent over the past 52 weeks, while the S&P 500 index has surged 7.17 percent in the same period.Tri Pointe Homes' shares fell 1.34 percent to close at $15.84 on Friday.