D.R. Horton price target lowered to $117 from $118 at RBC Capital

RBC Capital lowered the firm’s price target on D.R. Horton (DHI) to $117 from $118 and keeps an Underperform rating on the shares. RBC Capital remains cautious into early 2026, with housing affordability still challenging and R&R potentially inflecting later in the year, the analyst tells investors in a research note. Nonresidential markets are mixed, key risks include policy changes, rates, and tariffs, and the sector is expected to remain volatile, with homebuilders the most cautious, distribution favored, and building products OEMs offering relatively attractive valuations.