Credit Suisse raised the firm’s price target on D.R. Horton to $120 from $100 and keeps a Neutral rating on the shares. Credit Suisse expects D.R. Horton to benefit both from its lower exposure to the West and also its more balanced margins across regions than many peers, and sees strong closings in Q3 based on the company’s 6,400 completed homes in inventory as of the end of Q2, the analyst tells investors in a research note.
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