- JPMorgan analyst Michael Rehaut maintained an Overweight rating on D R Horton Inc DHI shares and reduced the price target from $132 to $100, implying a 22.6% upside.
- The analyst expects several headwinds to persist for homebuilding stocks over the near to medium term.
- Rehaut takes a less constructive and more selective approach to the sector. The analyst thinks that the industry has consistently underperformed.
- Price Action: DHI shares are trading lower by 1.29% at $81.58 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
