D.R. Horton Inc. DHI stock was up 1.2% in premarket trading on Monday after Raymond James upgraded the home builder to outperform from market perform, with a price target of $160 a share. Raymond James also boosted the company’s 2024 profit outlook by 25%, due to “an impressive rebound in homebuilding margins and a surging revenue contribution from its $3 billion rental housing portfolio,” said analyst Buck Horne.
2% in premarket trading on Monday after Raymond James upgraded the home builder to outperform from market perform, with a price target of $160 a share. Raymond James also boosted the company’s 2024 profit outlook by 25%, due to “an impressive rebound in homebuilding margins and a surging revenue contribution from its $3 billion rental housing portfolio,” said analyst Buck Horne.