BTIG lowered the firm’s price target on D.R. Horton (DHI) to $186 from $190 and keeps a Buy rating on the shares. The firm cites the company’s Q4 earnings miss driven by delivery volume, pricing, margins, and lower financial services income as its management noted hesitation by customers waiting for both interest rates to drop and for the Presidential elections to be over, the analyst tells investors in a research note.
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