New York (March 21st, 2013) - Last week Sterne Agee reported that it has initiated coverage of homebuilding company, DR Horton Inc. (NYSE: DHI), Inc. The firm has begun coverage of DHI with a “Buy” rating and $29 price target. This price target suggests a 16% increase from the stock’s current price of $24.24.
D.R. Horton, Inc. operates as a homebuilding company. The company engages in the acquisition and development of land; and construction and sale of residential homes in 26 states and 77 markets in the United States primarily under the D.R. Horton, America’s Builder name. D.R. Horton, Inc. was founded in 1978 and is headquartered in Fort Worth, Texas.
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Best Buy Co., Inc. (NYSE: BBY) stock has nearly doubled since the start of the year. Gary Balter of Credit Suisse reinstated coverage of Best Buy Co. on Wednesday with an "Outperform" rating and $30 price target. JPMorgan's Chris Horvers raised his rating to "Overweight". Piper Jaffray's Peter Keith also boosted his rating to "Overweight" from "Neutral" earlier this month.
Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. The company’s stores offer video products, including televisions, e-readers, navigation products, digital cameras and accessories, etc.
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