Citigroup Downgrades D.R. Horton to Neutral, Lowers Price Target to $156
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Anthony Pettinari has downgraded D.R. Horton (NYSE:DHI) from Buy to Neutral and lowered the price target from $181 to $156.
July 02, 2024 | 11:45 am
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Citigroup analyst Anthony Pettinari downgraded D.R. Horton from Buy to Neutral and reduced the price target from $181 to $156, indicating a less optimistic outlook for the stock.
The downgrade from Buy to Neutral and the significant reduction in the price target from $181 to $156 by a major analyst like Citigroup is likely to negatively impact investor sentiment and the stock price in the short term.
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