D.R. Horton Stock Surges on BTIG's 'Buy' Rating

D.R. Hortons stock surges after BTIG initiates coverage with a Buy rating, predicting a price target of $186 per share. The positive outlook aligns with the broader U.S. housing markets upward trend, driven by falling mortgage rates and increased affordability. Despite supply challenges, BTIG sees investment opportunities, boosting D.R. Hortons stock by over 3.5% today. The companys shares have risen nearly 20% this year and over 225% in the past five years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.