Barclays raises U.S. homebuilders' PT as inventory shortage spurs new construction
24/05/2023 12:59
** Barclays raises PT of U.S. homebuilders D.R. Horton Inc
DHI.N , KB Home KBH.N , Lennar Corp LEN.N , PulteGroup Inc
PHM.N and Taylor Morrison Home Corp TMHC.N
** "We think the investment community is still
under-appreciating the positive impact that this inventory
shortage has to new construction, and the implications to
builders and building products," Barclays says
** Barclays raises DHI PT to $138 from $131, KBH PT to $56
from $51, LEN PT to $135 from $120, PHM PT to $90 from $86, TMHC
PT to $52 from $45
** YTD, the S&P 500 Homebuilding Index .SPLRCHOME is up
22.67%
(Reporting by Ananta Agarwal in Bengaluru)
((Ananta.Agarwal@thomsonreuters.com))