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Fly News Breaks for August 12, 2019
DHI
Aug 12, 2019 | 16:38 EDT
SunTrust analyst Rohit Seth initiated D.R. Horton with a Buy rating and a price target of $56. The analyst sees the stock as a "premier large-cap homebuilder" offering "attractive" cash generation with "superior" position in the rapidly growing entry-level segment. The analyst is also positive on the company's "strategic" shift to higher margin "active adult" market segment given its favorable demographics. Seth expects D.R. Horton to outperform in the second half of this year with orders and price mix as the homebuilding industry growth accelerates thanks to lower interest rates.
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