Wells Fargo analyst Sam Reid lowered the firm’s price target on D.R. Horton (DHI) to $180 from $190 and keeps an Overweight rating on the shares. The firm is refreshing its builder web scrape for November, with 5K additional units in 8 Sunbelt markets. Wells notes D.R. Horton dollars per square foot took another leg down.
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Read More on DHI:
- D.R. Horton price target raised to $136 from $130 at JPMorgan
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- D.R. Horton management to meet with Seaport Research
- D.R. Horton Inc. Braces for Financial Impact from Potential Tax and Securities Law Changes
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