BTIG raised the firm’s price target on D.R. Horton to $178 from $164 and keeps a Buy rating on the shares. The company’s Q4 earnings beat saw better than expected average selling prices, gross margins, SG&A-to-sales, and rental business, though this was partially offset by lower than expected closings, the analyst tells investors in a research note. BTIG adds that it continues to see D.R. Horton as well-positioned to outperform peers given its deep local market-share positions, low-cost and efficient-production business model, breadth of geographic markets, and affordable entry-level- home focus.
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Read More on DHI:
- D.R. Horton price target raised to $140 from $123 at Wells Fargo
- D.R. Horton price target raised to $143 from $130 at Barclays
- 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