BUZZ-Street View: Brokerages expect DR Horton to maintain consistency despite rate volatility

Reuters04-19

** Homebuilder DR Horton raised its forecast for full-year revenue on Thursday, saying it now expects revenue in a range of $36.7 billion to $37.7 billion, up from $36.0 billion to $37.3 billion previously

** A limited supply of existing homes in the U.S. has pushed buyers to opt for newly constructed houses

** Shares of the company were down 1.3% to $143.91

** At least 2 analysts raised their PT on Friday

A STRONG Q1

** Barclays ("overweight", PT: $176) says, DHI fundamentally demonstrated margin resiliency this quarter and with no change to its stance around aggregating market share at affordable price points.

** Jefferies ("Hold", PT: $153) says new home demand should remain strong with the existing home market still stalled and DHI and its peers offering rate buydowns to meet affordability

** Evercore ISI ("outperform", PT: $191) says DHI's solid results and guide, positive demand commentary, and strong cash flow forecast confirm that the company continues to perform well, even amidst the higher rate environment

** RBC ("underperform", PT: $141) says, it sees potential for continued choppiness in orders but expects DHI to maintain volume as it meets the market as needed on price/incentives

(Reporting by Abhinav Parmar in Bengaluru)

((abhinav.parmar@thomsonreuters.com))

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fundamentally demonstrated margin resiliency this quarter and with no change to its stance around aggregating market share at affordable price points.    ** Jefferies (\"Hold\", PT: $153) says new home demand should remain strong with the existing home market still stalled and DHI and its peers offering rate buydowns to meet affordability   ** Evercore ISI (\"outperform\", PT: $191) says DHI's solid results and guide, positive demand commentary, and strong cash flow forecast confirm that the company continues to perform well, even amidst the higher rate environment   ** RBC (\"underperform\", PT: $141) says, it sees potential for continued choppiness in orders but expects DHI to maintain volume as it meets the market as needed on price/incentives  (Reporting by Abhinav Parmar in 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