Barclays lowered the firm’s price target on D.R. Horton to $168 from $176 and keeps an Overweight rating on the shares. The analyst expects guidance and estimate reductions across the homebuilding and building products space this earnings season, but says sentiment is “already downbeat and much may already be priced in.” The firm reduced estimates and price targets ahead of the Q2 reports.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DHI:
- D.R. Horton downgraded to Neutral from Buy at Citi
- D.R. Horton Stock (NYSE:DHI): The H2-2024 Slowdown Is Likely Temporary
- D.R. Horton to offer Canadian Solar PV panels in California communities
- D.R. Horton announces the passing of company Founder, Chairman, Donald Horton
- D.R. Horton price target lowered to $181 from $191 at Citi