D.R. Horton price target lowered to $182 from $186 at BTIG
BTIG lowered the firm’s price target on D.R. Horton (DHI) to $182 from $186 and keeps a Buy rating on the shares. The company reported strong home sales revenue and gross margin drove the beat to the firm’s estimate, though its Q2 guide for gross margin was lower than expected, reflecting higher incentives as demand weakened throughout Q1, the analyst tells investors in a research note.
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