Wedbush Downgrades D.R. Horton to Underperform, Maintains $130 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless downgraded D.R. Horton (DHI) from Neutral to Underperform, while maintaining a $130 price target on the stock.

April 02, 2024 | 3:30 pm
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Wedbush analyst Jay McCanless downgraded D.R. Horton from Neutral to Underperform, maintaining a $130 price target.
The downgrade from Neutral to Underperform by a prominent analyst could negatively impact investor sentiment towards D.R. Horton, potentially leading to a short-term decrease in stock price. However, the maintenance of the $130 price target suggests that the analyst sees long-term value, mitigating some negative impact.
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IMPORTANCE 90
RELEVANCE 100