D.R. Horton price target raised to $175 from $160 at Wells Fargo

Wells Fargo analyst Sam Reid raised the firm’s price target on D.R. Horton (DHI) to $175 from $160 and keeps an Overweight rating on the shares. The firm acknowledges that in retrospect, it should have been more bullish into D.R. Horton. The company is one of the better operators in the group. Clearly, a chasm between the best executors and lower quality builders is emerging amidst the still tough op backdrop, Wells adds.