D.R. Horton (DHI) Comments Positive for the Group - Goldman (XHB)

November 12, 2012 8:57 AM EST
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Price: $28.31 +1.07%

Rating Summary:
    15 Buy, 15 Hold, 0 Sell

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    Up: 30 | Down: 30 | New: 23
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Analysts at Goldman Sachs said this morning's results and October-November trends from D.R. Horton (NYSE: DHI) have positive implications for the home builder group.

"Management's comment that sales demand has continued to remain strong through October and November is positive, and suggests that the "fall selling season" trends are holding promise for the group," the firm notes. "Looking ahead to 2013, management commentary that the company is "positioned for a strong start to fiscal 2013" and expectations for improvement in operating metrics and profitability bodes well for the group.

The firm maintained a Neutral rating and price target of $24 on D.R. Horton.

Others in the sector include: PulteGroup, Inc. (NYSE: PHM), KB Home (NYSE: KBH), Lennar Corp. (NYSE: LEN), Toll Brothers Inc. (NYSE: TOL), Beazer Homes USA Inc. (NYSE: BZH) and Ryland Group Inc. (NYSE: RYL). The sector EFT is SPDR S&P Homebuilders (NYSE: XHB)

For an analyst ratings summary and ratings history on D.R. Horton click here. For more ratings news on D.R. Horton click here.

Shares of D.R. Horton closed at $20.60 yesterday.

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