Wells Fargo lowered the firm’s price target on D.R. Horton ( DHI ) to $175 from $190 and keeps an Overweight rating on the shares. The firm says that amidst late 2024 pessimism, the builder/product playbook for 2025 is complicated. Its strategy is to lean into attractively valued quality; opportunities to move up the risk curve “will eventually materialize but not quite yet.”

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