International Strategy & Investment Group Reiterates Buy Rating, $17 PT for D.R. Horton

In a report published earlier today, International Strategy & Investment Group LLC reiterated its Buy rating and $17 price target for D.R. Horton, Inc.

. ISI went on to say “DHI turned in an excellent quarter on virtually every metric. This result highlights the separation we are seeing in the industry as execution becomes paramount. We are not at a point in the housing cycle where all boats are lifted (or left stranded on dry land), consequently, the ability to grow the business while earning money and not burning cash, deserves a premium valuation. At this point, we see no other builder executing better.” D.R. Horton, Inc. closed at $15.38 on Friday.