Compass Point Upgrades D.R. Horton (DHI) to Neutral

November 29, 2012 7:58 AM EST Send to a Friend
Get Alerts DHI Hot Sheet
Price: $25.49 +0.75%

Rating Summary:
    15 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 41
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Compass Point upgraded D.R. Horton (NYSE: DHI) from Sell to Neutral with a price target of $18.50.

The firm comments, "After a full model update we are raising estimates and, coupled with the stock's relative underperformance in the post-QE3 trade, we now feel DHI should perform in line with the rest of the space. Our price target increase reflects our increased 2013 EPS estimate to $0.93 from $0.87 as well as a consistent 5% assumed ROI. We still see downside in the shares to $18 but the stock is off 12% since the Fed announced QE3 in early September and has been the second worst performer in the homebuilding sector over that time frame.."

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 $19.42 yesterday.


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