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Fly News Breaks for June 17, 2016
DHI
Jun 17, 2016 | 07:25 EDT
Argus analyst Stephen Jaffe initiated D.R. Horton with a Buy and $39 price target. The analyst believes the U.S. housing market is still in the middle stages of its upcycle and D.R. Horton should benefit from its range of brands for both high-end and entry-level home buyers, along with solid cost controls and a solid balance sheet.
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