UPDATE: Sterne Agee Downgrades Taylor Morrison Home Following F3Q13 Recap

In a report published Wednesday, Sterne Agee analyst Jay McCanless downgraded the rating on Taylor Morrison Home Corp. (NYSE: TMHC ) from Buy to Neutral, and lowered the price target from $27.00 to $23.00. In the report, Sterne Agee noted, “We are reducing our rating on TMHC to Neutral from