Analyst Explains Why He Downgraded DR Horton (DHI) – ‘It’s Unfortunate for Builders’
We recently published 10 Stock News You Should Not Miss as Tom Lee Reiterates Bullish Market Outlook Amid AI Catalysts. DR Horton Inc (NYSE:DHI) is one of the stock news you should not miss. Stephen Kim, Evercore ISI head of housing research, explained in a recent program on CNBC why he downgraded several housing stocks, including DR Horton Inc (NYSE:DHI). The analyst said the US government’s reasoning on the housing problem could negatively impact homebuilders. He said as of now, there is no supply probl ...