RBC Capital analyst Mike Dahl raised the firm’s price target on D.R. Horton to $98 from $76 after its Q2 earnings beat but keeps an Underperform rating on the shares. The firm continues to question the sustainability of the recent demand and price improvement given affordability pressures, rate volatility, and economic concerns, though RBC also believes that the recent housing trends provide near-term support for orders, margins, and returns, the analyst tells investors in a research note.
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