Texas Capital initiated coverage of D.R. Horton (DHI) with a Hold rating and $130 price target The “largest and most geographically diverse national homebuilder” targets entry-level, first time move-up, active adult and luxury home buyers across a broad range of prices, the analyst tells investors. The company is focused on cash generation and returning capital to shareholders through its dividend and significant share repurchase program, notes the analyst, who expects D.R. Horton to continue consolidating its share in certain markets and remain the largest homebuilder in the U.S.
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