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Enter Symbol:
Rating: DHI
Neutral $29

D.r. Horton, Inc. (NYSE: DHI) downgraded to Neutral with price target $29 by UBS

Friday,  Jan 15, 2016  4:25 PM ET by Lynn Gilbert

UBS downgraded D.r. Horton, Inc. (NYSE: DHI) to Neutral with price target
$29. Previously, UBS rated D.r. Horton, Inc. (NYSE: DHI) to Buy with price target $26 on 09/04/2014, when the stock price was valued at $21.42.

D.R. Horton, Inc. (D.R. Horton) is a homebuilding company in the United States. It constructs and sells homes, through the operating divisions in 27 states and 75 metropolitan markets of the United States. The Company?s homes range in size from 1000 to 4000 square feet. During the fiscal year ended September 30, 2009 (fiscal 2009), the Company closed 16,703 homes. The Company?s operating segments consists of six homebuilding segments and a financial services segment. In fiscal 2009, the homebuilding operations comprised of 99% of the consolidated revenues of the Company. In addition to building single-family detached homes, D.R. Horton also build attached homes, such as town homes, duplexes, triplexes and condominiums (including some mid-rise buildings), which share common walls and roofs. In fiscal 2009, the sale of detached homes generated approximately 81% of the home sales revenues.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.

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