UPDATE: Bank of America Reiterates Buy Rating, Raises PT on D.R. Horton
In a report published Wednesday, Bank of America reiterated its Buy rating on D.R. Horton (NYSE: DHI), and slightly raised its price target from $25.00 to $26.00.
Bank of America noted, “We rate DHI a Buy. DHI's speculative home strategy and broad market exposure position the company well for a housing rebound. Margins should continue to expand given DHI's participation in growing end markets, operating leverage, and cost focus. Moreover, the company has repositioned its balance sheet resulting in a more favorable debt profile.”
D.R. Horton closed on Tuesday at $23.82.
Latest Ratings for DHI
|Nov 2014||Compass Point||Reiterates||Buy|
|Nov 2014||Keefe Bruyette & Woods||Maintains||Market Perform|
|Nov 2014||Credit Suisse||Maintains||Neutral|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.