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Fly News Breaks for January 11, 2019
DHI
Jan 11, 2019 | 08:12 EDT
As previously reported, Buckingham analyst Megan McGrath initiated D.R. Horton with a Buy rating and $45 price target, as she believes the "entry level leader" can outperform its peers this year given its established focus on affordable product and conservative land positioning. While she is forecasting a difficult year for U.S. housing, with sales and starts expected to decline slightly for the full year, McGrath has optimism that near-term weakness could stabilize given the recent retreat in mortgage rates.
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