JPMorgan Cuts Price Target Of This Homebuilder - Read Why

by Shivani Kumaresan, Benzinga Staff Writer

March 10, 2022 1:36 PM | 29 seconds read |

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.