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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DHI:
- Closing Bell Movers: Nike falls to pandemic onset lows as guidance disappoints
- D.R. Horton (DHI) Stock Offers Upside Even as Recession Risks Mount
- Early notable gainers among liquid option names on March 6th
- Robinhood initiated, MongoDB downgraded: Wall Street’s top analyst calls
- Seaport Research upgrades five homebuilders to Buy, three to Neutral