Morgan Stanley initiates D.R. Horton stock coverage with Equalweight rating
Investing.com
Morgan Stanley has initiated coverage on D.R. Horton Inc. (NYSE:DHI) with an Equalweight rating and a price target of $151.00. The firm highlighted D.R. Horton's strong position in the homebuilding market due to its scale, affordable product mix, and strategic land control, which enable it to maintain volumes despite challenging affordability. However, Morgan Stanley also noted potential risks, including the company's exposure to rate-sensitive first-time buyers, which could pressure margins if
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