Market Overview

UPDATE: ISI Group Raises PT to $28 on D.R. Horton Post Strong Quarter

Related DHI
New Home Sales Miss Estimates; Housing Stocks Weaken
Financials, Bond And Housing ETFs To Watch This Week
When Rate Hikes Come, They Will Ripple Across U.S. Economy (Fox Business)

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.

Posted-In: ISI GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (DHI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional