Wells Fargo raised the firm’s price target on D.R. Horton (DHI) to $170 from $147 and keeps an Equal Weight rating on the shares. Amidst uncertainty, this was a better-than-expected quarter, the firm says. Wells, however, is not ready to get too bullish on builders, as some of today’s better-vs-expected results/guide are likely idiosyncratic to D.R. Horton rather than industry-wide.
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