D R Horton (DHI) Earnings & CFRA Strong Buy Upgrade

<p>D R Horton (DHI) stock price is up 0.5% so far today. The recent earnings report indicated $3.17 in EPS and $7.05B in revenue, beating estimates. CFRA's Ken Leon says that they have upgraded the DHI stock to a strong buy with a raised price target of $120. He believes that D R Horton's leading position with entry-level homebuyers may be less sensitive to a wealth effect from the stock market or rising rates.</p>