D.R. Horton price target raised to $200 from $192 at UBS

UBS raised the firm’s price target on D.R. Horton to $200 from $192 and keeps a Buy rating on the shares following the “solid” Q2 results and outlook. D.R. Horton is a best-in-class operator that consistently demonstrates the ability to execute at a high level notwithstanding the interest rate environment, the analyst tells investors in a research note. UBS expects the company and other large public homebuilders to continue benefiting from strong demographic demand support, tight existing home inventory and size/scale/financing advantages relative to most private competitors.