D.R. Horton price target lowered to $182 from $186 at BTIG

Group 1 - BTIG lowered the price target on D.R. Horton (DHI) to $182 from $186 while maintaining a Buy rating on the shares [1] - The company reported strong home sales revenue and gross margin, which contributed to exceeding the firm's estimates [1] - The Q2 guidance for gross margin was lower than expected, indicating higher incentives due to weakened demand throughout Q1 [1]