BTIG has decided to maintain its Buy rating of D.R. Horton (NYSE:DHI) and lower its price target from $126.00 to $104.00.
Shares of D.R. Horton are trading down 2.62% over the last 24 hours, at $70.32 per share.
A move to $104.00 would account for a 47.9% increase from the current share price.
About D.R. Horton
D.R. Horton is a leading homebuilder in the United States with operations in 98 markets across 31 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
