Wedbush Securities Inc. analyst cut hisinvestment opinion of D.R. HortonInc. to "neutral" from "outperform," with aprice target of $50.
The analyst wrote in a research report: "We aredowngrading DHI, and our $50 PT is unchanged. Federal intervention in themortgage market, M&A, and rising entry level demand remain positivecatalysts for 2018. However, at current levels, we believe these catalysts arefairly reflected in the share price, and we do not see an emerging catalyst todrive a higher price target."
