In an industry initiation note on the homebuilding and real estate services sector, BTIG initiated coverage of D.R. Horton (DHI) with a Buy rating and $186 price target calling the stock its Top Pick. The firm believes that D.R. Horton’s Benelux size and breadth “provide some insulation from a weaker market,” and also sees “interesting growth and ROE improvement opportunities” for the company going forward.
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