D.R. Horton price target raised to $81 from $73 at Barclays
Barclays analyst Matthew Bouley raised the firm's price target on D.R. Horton to $81 from $73 and keeps an Overweight rating on the shares. The analyst lifted price targets for the homebuilders by 7% on average following the Barclays' August/September survey. The survey indicates the housing backdrop has remained robust into mid-September, Bouley tells investors in a research note. Bouley remains "tactically positive" on builder stocks, saying the current housing environment is likely to support order strength and pricing
Barclays analyst Matthew Bouley raised the firm's price target on D.R. Horton to $81 from $73 and keeps an Overweight rating on the shares. The analyst lifted price targets for the homebuilders by 7% on average following the Barclays' August/September survey. The survey indicates the housing backdrop has remained robust into mid-September, Bouley tells investors in a research note. Bouley remains "tactically positive" on builder stocks, saying the current housing environment is likely to support order strength and pricing