Truist raised the firm’s price target on D.R. Horton (DHI) to $150 from $140 and keeps a Hold rating on the shares after its Q2 earnings beat. The company posted an 11% gain in new orders, which was in line with community count growth for the quarter, and while the new order result lapsed an easy comp, it was still a solid result given the macro situation, the analyst tells investors in a research note.
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