UPDATE: ISI Group Raises PT to $28 on D.R. Horton Post Strong Quarter
ISI Group maintained D.R. Horton, Inc. (NYSE: DHI) with a Buy and raised the price target from $26.00 to $28.00.
ISI Group noted, "We believe today's results were excellent, but more importantly, DHI has enough political capital on the street, that in one day's trading, the equity moved from an 8% discount versus the group to parity, reinforcing the dynamic that the street believes in management's execution ability. Moreover, it is likely the move to a premium valuation occurs in the next few days. We are raising our Price Target to $28 from $26, continuing our Buy rating."
D.R. Horton closed at $23.82 on Tuesday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.