BofA analyst Rafe Jadrosich lowered the firm’s price target on D.R. Horton (DHI) to $125 from $150 and keeps a Neutral rating on the shares. The firm is lowering its price targets for Homebuilders under its coverage to reflect softer demand and elevated incentives, the analyst tells investors. Additionally, the firm expects the challenging environment for homebuilders to continue into the second half of 2025.
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