UPDATE: Williams Financial Group Raises PT to $22 on DR Horton on Housing Turn

Williams Financial Group raises its price target on DR Horton

from $17.50 to $22 and reiterates its Buy rating on shares. Williams Financial Group notes, "With the beginnings of what looks to be a turn in the housing market, homebuilder multiples have expanded well beyond historic norms and we believe these multiples could increase further over the next several quarters as sustainable, predictable growth becomes more evident. We also believe there is a strong potential for upside to our current forecasts, which should be a catalyst for the stocks, even at flat multiples. As such, we have reevaluated and adjusted target prices across several names in our universe." DR closed at $17.06 on Wednesday.