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Fly News Breaks for November 9, 2016
DHI
Nov 9, 2016 | 07:28 EDT
After D.R. Horton reported higher than expected revenue but lower than expected EPS and the company's new order growth came in well below expectations, RBC Capital analyst Robert Wetenhall says that the company's 2017 outlook poses little risk. Additionally, he thinks that the company's "consistent earnings growth and efficient inventory management" enables it to deliver strong ROI. Wetenhall trimmed his price target on the shares to $34 from $38 but keeps an Outperform rating on the stock.
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