D.R. Horton price target raised to $160 from $134 at UBS

UBS raised the firm’s price target on D.R. Horton to $160 from $134 and keeps a Buy rating on the shares. D.R. Horton reported a much better than expected Q3, and UBS believes its current valuation is relatively undemanding and that industry activity is now improving, the analyst tells investors in a research note. D.R. Horton is the firm’s top homebuilder pick for 2023.