D.R. Horton price target raised to $99 from $98 at Goldman Sachs

Goldman Sachs analyst Susan Maklari raised the firm’s price target on D.R. Horton to $99 from $98 but keeps a Neutral rating on the shares after its Q1 earnings beat. The company looks well positioned heading into the selling season, and the management’s observation of recent improvement in sales suggests that seasonality is intact, the analyst tells investors in a research note. Home prices will still remain a key lever this spring as the paths for interest rates and the broader macro environment remain uncertain, Goldman Sachs states.