Citi analyst Anthony Pettinari raised the firm’s price target on D.R. Horton to $124 from $115 and keeps a Buy rating on the shares. The company posted a big fiscal Q2 beat and above-consensus fiscal year guide that was above Citi’s expectations in pretty much every respect, the analyst tells investors in a research note. New homes are gaining share from resale homes, and large public builders gaining share from privates amid supply chain/credit tightness, the analyst tells investors in a research note.
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