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Fly News Breaks for August 12, 2015
MTH, TOL, DHI
Aug 12, 2015 | 05:36 EDT
UBS analyst Susan Maklari upgraded D.R. Horton (DHI) to Buy on the belief that housing market volumes will accelerate entering 2016 amid a re-emergence of the entry level buyer. The trend is likely to hold though 2017 and bring improved operating leverage to builders, Maklari tells investors in a research note. She raised her price target for D.R. Horton shares to $38 from $26. The analyst also upgraded Toll Brothers (TOL) to Buy and downgraded Meritage Homes (MTH) to Sell.
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