Barclays raised the firm’s price target on D.R. Horton to $143 from $130 and keeps an Overweight rating on the shares. The company reported strong gross margins in spite of rising incentives, and its share gain theme is intact, the analyst tells investors in a research note.
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Read More on DHI:
- D.R. Horton price target raised to $142 from $131 at Goldman Sachs
- D.R. Horton sees Q1 revenue $7.4B-$7.6B, consensus $7.45B
- D.R. Horton sees FY24 revenue about $36B-$37B, consensus $36.14B
- D.R. Horton reports Q4 net sales orders increased 39% to 18,939 homes
- D.R. Horton raises quarterly dividend to 30c per share