Ticonderoga maintains a 'Buy' on D.R. Horton (DHI); Some Good, Some Bad; Net Solid Release in Bad Environment

Ticonderoga maintains a 'Buy' on D.R. Horton (NYSE: DHI), PT $14.50.

Ticonderoga analyst says, "Our first take on DHI’s release is net positive in a somewhat muted manner. We believe the Street should interpret this release in a fairly benign way, as we just do not see any data points that get us overtly excited either direction. Given the weak market and generally disappointing builder earnings to date this quarter, we believe this result should put some wind under DHI’s sails."

For more ratings news on D.R. Horton click here and for the rating history of D.R. Horton click here.

Shares of D.R. Horton closed at $12.10 yesterday.

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