UPDATE: MKM Partners Upgrades D.R. Horton (DHI) to Buy; Forecasting Acceleration in Fall 2012
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Price: $26.74 -1.8%
Rating Summary:
12 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
12 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade DHI Now!
(Updated - July 13, 2012 10:42 AM EDT)
MKM Partners upgraded D.R. Horton (NYSE: DHI) from Neutral to Buy. PT raised from $18 to $22.
Analyst, Megan McGrath, said, "While a 1.9x book value multiple is above the historical average, we believe that our view of near-term continued positive trends in housing combined with our expectation that DHI could recapture its DTA within the next six months points to continued upside for the shares."
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 $18.37 yesterday, with a 52 week range of $8.03-$18.98.
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MKM Partners upgraded D.R. Horton (NYSE: DHI) from Neutral to Buy. PT raised from $18 to $22.
Analyst, Megan McGrath, said, "While a 1.9x book value multiple is above the historical average, we believe that our view of near-term continued positive trends in housing combined with our expectation that DHI could recapture its DTA within the next six months points to continued upside for the shares."
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 $18.37 yesterday, with a 52 week range of $8.03-$18.98.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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