BofA raised the firm’s price target on D.R. Horton to $166 from $150 and keeps a Buy rating on the shares. The firm noted that homebuilder valuations have increased sharply in the last two months, and therefore believes the recent re-rating is justified.
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 the top stocks recommended by analysts >>
Read More on DHI:
- D.R. Horton price target raised by $23 at Barclays, here’s why
- D.R. Horton just upgraded at Keefe Bruyette, here’s why
- 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