D.R. Horton price target lowered to $158 from $162 at BofA

BofA lowered the firm’s price target on D.R. Horton (DHI) to $158 from $162 and keeps a Neutral rating on the shares. Despite a fiscal Q1 earnings beat, the firm reduced its FY26E and FY27 EPS estimates by (5%) and (6%), respectively, to reflect a more conservative gross margin and pre-tax margin outlook.