D.R. Horton price target raised to $117 from $105 at RBC Capital

RBC Capital raised the firm’s price target on D.R. Horton (DHI) to $117 from $105 and keeps an Underperform rating on the shares. D.R. Horton reported better than expected Q3 results and implied guidance, the analyst tells investors in a research note. There are no signs of a meaningful or sustained inflection in fundamentals and risks are still looming on costs and a stretched affordability and consumer backdrop, RBC says.