D.R. Horton (DHI) PT Raised to $120 at BofA Securities

November 10, 2021 7:30 AM EST
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Price: $173.84 +0.24%

Rating Summary:
    20 Buy, 16 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 21 | New: 27
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BofA Securities analyst Rafe Jadrosich raised the price target on D.R. Horton (NYSE: DHI) to $120.00 (from $112.00) while maintaining a Buy rating.

The analyst commented, "We raise our price objective for D.R. Horton to $120 (from $112) following a better than expected F4Q21 and strong F2022 outlook. Housing demand is still outpacing supply and DHI is ramping up its home starts faster than competitors. Our new PO is based on 8.5x (unchanged) our higher F2022E EPS of $14.14 ($13.19)."

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