Fly News Breaks for December 24, 2018
Dec 24, 2018 | 06:57 EDT
JMP Securities analyst Peter Martin said his calls and visits indicate that demand has continued to slow in D.R. Horton's markets of Seattle, Dallas, Orange County, and Northern California as buyers remain hesitant during this seasonally slow period, though he also noted he is not seeing signs of industry overbuilding as seen in previous cycles. Martin also remarked on D.R. Horton's deal for Terramor Homes, noting that it makes D.R. a top five builder in the Raleigh-Durham MSA. Martin maintains an Outperform rating and $44 price target on D.R. Horton shares.
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