D.R. Horton: Down, But Not Out?

D.R. Horton (DHI) fell on Thursday as poor guidance overshadowed a  better-than-expected second-quarter earnings report.

However Wedbush’s Jay McCanless thinks that while caution is warranted, it’s not time to give up on the stock. He reiterated an Outperform rating and $36 price target on the stock Friday, although he tempered his expectations for the year.
Source: Barrons

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