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Benzinga

Business

Shivani Kumaresan

JPMorgan Cuts Price Target Of This Homebuilder - Read Why

JPMorgan DHI NYSE

JPMorgan analyst Michael Rehaut maintained an Overweight rating on D R Horton Inc (NYSE:DHI) shares and reduced the price target from $132 to $100, implying a 22.6% upside.
The analyst expects several headwinds to persist for homebuilding stocks over the near to medium term.
Rehaut takes a less constructive and more selective approach to the sector. The analyst thinks that the industry has consistently underperformed.
Price Action: DHI shares are trading lower by 1.29% at $81.58 on the last check Thursday.

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