Barclays lowered the firm’s price target on D.R. Horton (DHI) to $120 from $145 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the homebuilding and building products group. The firm reduced housing starts assumptions and cut homebuilder and building products estimates. It expects guidance cuts, saying a “choppier” macro environment will weigh across end markets. Tariff uncertainty adds further risk to margin guides, especially for select products names, the analyst tells investors in a research note.
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