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.

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.