JMP Securities analyst Aaron Hecht raised the firm’s price target on D.R. Horton to $170 from $140 and keeps an Outperform rating on the shares. D.R. Horton’s Q1 normalized EPS missed consensus estimates, primarily impacted by a 100bps margin hit stemming from hedging activities for rate buydowns during the quarter as well as higher SG&A, the analyst tells investors in a research note. The firm believes current demand trends will hold moving forward.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DHI: