D.R. Horton price target lowered to $110 from $120 at Barclays

Barclays lowered the firm’s price target on D.R. Horton (DHI) to $110 from $120 and keeps an Equal Weight rating on the shares following the earnings report. The company’s downward revision is no worse than already feared, but market conditions continue to deteriorate with increasing incentives, uneven demand, and tariff /inflation challenges “still on the come,” the analyst tells investors in a research note.