Wells Fargo Lifts PT on D.R. Horton (DHI) to $190 From $175

D.R. Horton, Inc. (NYSE:DHI) is one of the best cheap stocks to buy for beginners. Wells Fargo analyst Sam Reid raised the firm’s price target on D.R. Horton, Inc. (NYSE:DHI) to $190 from $175 on September 2, keeping an Overweight rating on the shares.

DR Horton (DHI) Jumps 17% After Earnings Beat

The firm told investors that it adjusted price targets in the homebuilding group, raising valuations across the board after the recent re-rating of stocks.

It stated that generalists are doing more work on the group, and investors are pricing in some forward optimism on interest rates.

D.R. Horton, Inc. (NYSE:DHI) is involved in the sale and construction of single-family housing. The company’s operations are divided into the following geographical segments: Northwest, Southwest, South Central, Southeast, East, and North.

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Disclosure: None. This article is originally published at Insider Monkey.