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Fly News Breaks for October 16, 2017
FOR, DHI
Oct 16, 2017 | 07:38 EDT
JMP Securities analyst Peter Martin raised his price target on D.R. Horton (DHI) shares to $45 from $40, arguing that the stock deserves a premium multiple given that the company is the top builder in eight of ten top growth markets and he believes its recent acquisition of 75% of Forestar Group (FOR) will improve long-term ROE. Martin keeps his Outperform rating on D.R. Horton shares ahead of the company's upcoming earnings report.
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