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Fly News Breaks for June 30, 2017
DHI
Jun 30, 2017 | 07:40 EDT
Raymond James upgraded D.R. Horton to Outperform and established a $39 price target saying it is uniquely positioned to capitalize on an unexpectedly tight and historically low existing home inventories, while new home demand remains broadly resilient despite rising prices. The analyst believes homebuilders with ample supply of quick delivery homes at affordable price points stand to benefit the most.
News For DHI From the Last 2 Days
DHI
Apr 15, 2024 | 19:46 EDT
BTIG analyst Carl Reichardt lowered the firm's price target on D.R. Horton to $169 from $174 and keeps a Buy rating on the shares. The firm is reducing its FY24 and FY25 EPS estimates by 3%, stating that while its core homebuilding metric assumptions have not changed, it also sees multi-family and single-family rental property sales environment remaining challenging given uncertainty in the capital markets and cautious investor appetite, the analyst tells investors in a research note.
