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Fly News Breaks for February 21, 2019
DHI, LEN
Feb 21, 2019 | 07:20 EDT
Wedbush analyst Jay McCanless downgraded D.R. Horton (DHI) to Neutral from Outperform as the shares are within 5% of his unchanged $48 price target. He also removed D.R. Horton from the Wedbush Best Ideas List due to the ratings change. In a research note to investors, McCanless says he believes the recent pullback in mortgage rates has been a positive stock price catalyst for D.R. Horton and its peers, and says while this catalyst may persist for an extended period of time, he is stepping to the sidelines as he does not see any new catalysts emerging that would support a higher price target. McCanless also downgraded Lennar (LEN) to Neutral.
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