UBS lowered the firm’s price target on D.R. Horton (DHI) to $191 from $195 and keeps a Buy rating on the shares. UBS believes 2026 is poised to be a better year for homebuilding, as builders have moderated production, helping to stabilize/reduce inventory in certain key markets, while overall housing supply remains constrained relative to history, the analyst tells investors in a research note. The firm thinks incremental improvement in the macro could catalyze sentiment and the stocks.
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- Wells Fargo downgrades D.R. Horton to Equal Weight, lowers target to $155
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