Citizens downgraded D.R. Horton (DHI) to Market Perform from Outperform without a price target The firm believes the company’s consensus earnings estimates for fiscal 2026 and 2027 “may be overly aggressive” ahead of a potential inventory clearance in the spring season. Citizen’s updated financial estimates assume D.R. Horton’s gross margin headwinds do not subside near term, the analyst tells investors in a research note.
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