Goldman Sachs Starts D.R. Horton (DHI) at Neutral

Goldman Sachs initiates coverage on D.R. Horton (NYSE: DHI) with a Neutral. PT $22.00.

The analyst comments, "... we remain Neutral rated, on DHI as we prefer geographical presence in growth markets vs. DHI's primary exposure in the steady markets of Texas. Further, we expect the high-end luxury buyer to be the best positioned during the initial recovery vs. the companyĆ¢s primary exposure to the first-time homebuyer."

For an analyst ratings summary and ratings history on D.R. Horton click here. For more ratings news on D.R. Horton click here. Shares of D.R. Horton closed at $21.10 yesterday, with a 52 week range of $15.93-$27.75.

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