D.R. Horton price target lowered to $125 from $145 at RBC Capital

RBC Capital analyst Mike Dahl lowered the firm’s price target on D.R. Horton (DHI) to $125 from $145 and keeps an Underperform rating on the shares as part of a broader research note as part of a broader research note on Homebuilders and Building Products in 2025. The firm is noting a “still-cautious” near-term bias toward builders and “relative preference but selective stance” on building products/distribution as it expects continued affordability challenges to reverberate across the group amid the higher-for-longer rates backdrop. RBC adds however that investor sentiment has already shifted meaningfully more negative over the past several months, better balancing risk/reward.