JP Morgan Maintains Neutral Rating on D.R. Horton

A report from J.P. Morgan reiterates its Neutral rating on D.R. Horton (NYSE: DHI).

The report states, “given that 4Q results were modestly below our estimates, as well as the stock's 18% gain over the last four weeks vs. the S&P's 3% rise, we believe the stock should demonstrate a modestly negative reaction. Nonetheless, we maintain our relative Neutral rating on DHI amid our selective sector stance.”

DHI closed yesterday at $11.66.