BTIG Starts D.R. Horton (DHI) at Buy, Top Pick

BTIG analyst Ryan Gilbert initiates coverage on D.R. Horton (NYSE: DHI) with a Buy rating and a price target of $186.00.

The analyst comments "We are assuming coverage of D.R. Horton with a Buy rating and $186 PT. We believe DHI’s spec production model, deep local market share, broad geographic footprint, and land-light balance sheet can drive earnings and ROE outperformance through the cycle. We expect FY26 to be another weak year for housing demand, but we see opportunities for DHI to outperform. Additionally, we see DHI as among the most levered to a “Goldilocks” upside scenario. Current PTB valuation of 1.9x is not cheap, but we believe relative outperformance and progress toward a higher ROE can drive multiple expansion in FY26. BTIG Top Pick."

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 $159.01 yesterday.

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