Barclays lowered the firm’s price target on D.R. Horton (DHI) to $150 from $170 and keeps an Equal Weight rating on the shares. The firm prefers building products to homebuilders in Q4. Investor expectations are “subdued” across both subsectors into earnings, the analyst tells investors in a research note. The firm says that as both subsectors declined over the past six weeks, building products stocks have seen greater dislocations versus fundamentals, leaving better entry points.
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Read More on DHI:
- KB Home price target raised to $70 from $65 at Wells Fargo
- D.R. Horton price target lowered to $125 from $145 at RBC Capital
- D.R. Horton price target lowered to $203 from $214 at UBS
- D.R. Horton price target lowered to $152 from $185 at Citi
- D.R. Horton price target lowered to $175 from $190 at Wells Fargo
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