Wells Fargo Maintains a Buy Rating on D.R. Horton, Inc. (DHI), Keeps the PT

​D.R. Horton, Inc. (NYSE:DHI) is one of the Most Undervalued Long Term Stocks to Buy Right Now. On October 13, Sam Reid from Wells Fargo maintained a Buy rating on D.R. Horton, Inc. (NYSE:DHI) with a price target of $190.

​While Wells Fargo is bullish on the stock, Bank of America Securities, on October 10, lowered the price target on the stock from $175 to $165, while keeping a Neutral rating on the stock. The firm noted that the demand in the housing sector has been sluggish while incentives are still elevated. BofA believes that the policy uncertainty adds further downside. Therefore, the firm reduced the price targets on homebuilders it covers by 6% as it expects the policy uncertainty to hamper growth.

​D.R. Horton, Inc. (NYSE:DHI) is a homebuilding company that constructs and sells residential homes across the United States.

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