D.R. Horton price target raised to $130 from $115 at JMP Securities

JMP Securities analyst Aaron Hecht raised the firm’s price target on D.R. Horton to $130 from $115 and keeps an Outperform rating on the shares. D.R. Horton’s Q2 results were "outstanding," with outperformance driven by more than 3,000 higher deliveries and a 120bps beat on gross margin, the analyst tells investors in a research note. D.R. Horton is leveraging its scale, balance sheet, product price point, and corporate structure/leadership to navigate this current difficult environment, which is leading to market share gains, the firm says.