Credit Suisse analyst Daniel Oppenheim raised the firm’s price target on D.R. Horton to $100 from $85 and keeps a Neutral rating on the shares. The firm is also increasing its 2023 EPS estimate to $10.25 from $8.35 and its 2024 estimate to $8.55 from $6.90 based on its expectation that D.R. Horton will continue to capture share with available specs for buyers, leading to its expectation of 76,549 closings for the year. However, Credit Suisse continues to expect additional margin erosion, but that it will be more modest than in recent quarters.
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Published first on TheFly
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