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Sterne Agee Sees D.R. Horton as Undervalued at Current Levels

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In a report published Friday, Sterne Agee analyst Jay McCanless reiterated a Buy rating on D.R. Horton (NYSE: DHI).

In the report, Sterne Agee noted, “We reiterate our Buy ratings on DHI, MDC, MTH, NVR, PHM, and RYL. Based on the positives of low competitive inventory, rising home prices, and increasing demand (i.e., pending sales growth), we believe a sellers' market exists in the top 25 markets for our coverage, as measured by community count, and we view these names as undervalued at current levels.”

D.R. Horton closed on Wednesday at $20.06.

Latest Ratings for DHI

DateFirmActionFromTo
Nov 2020Truist SecuritiesUpgradesHoldBuy
Nov 2020Credit SuisseMaintainsOutperform
Nov 2020SusquehannaUpgradesNeutralPositive

View More Analyst Ratings for DHI
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