Wedbush Starts D.R. Horton (DHI) at Outperform
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Wedbush initiates coverage on D.R. Horton (NYSE: DHI) with a Outperform rating and a price target of $36.00.
Analyst Jay McCanless commented, "We are initiating coverage of D.R. Horton with an OUTPERFORM rating and a $36 price target. The shares are not cheap relative to the group valuation, but we believe the consistency of the Company’s performance warrants a look beyond valuation."
Shares of D.R. Horton closed at $30.46 yesterday.
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