Keefe Bruyette analyst Jade Rahmani upgraded D.R. Horton to Outperform from Market Perform with a price target of $164, up from $148. The firm says its “sideways” 2024 housing thesis benefits the homebuilders through market share gains and stable margins. This results in positive earnings and book value growth, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DHI:
- Top builders and building products stocks for 2024, according to Deutsche Bank
- D.R. Horton price target raised by $21 at Deutsche Bank, here’s why
- D.R. Horton price target lowered to $174 from $178 at BTIG
- Forestar Group CEO Daniel Bartok to retire, Anthony Oxley to succeed
- Roku upgraded, Lucid Group downgraded: Wall Street’s top analyst calls