RBC Capital raised the firm’s price target on D.R. Horton (DHI) to $123 from $117 but keeps an Underperform rating on the shares. The firm is citing the company’s Q2 earnings beat and better-than-expected Q3 guide but it continues to see risks of fundamental volume and margin weakness as the year progresses, with lingering questions for 2027, the analyst tells investors in a research note. RBC adds it would fade today’s rally given the stock’s elevated valuation.
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