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

ISI Group maintained D.R. Horton, Inc.

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.