Seaport downgrades D.R. Horton stock rating on job market concerns

2026-04-09 12:12:37

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Seaport Global Securities downgraded D.R. Horton (NYSE:DHI) from Buy to Neutral due to concerns about slowing housing activity and weakening job growth, reflected in 15 analysts revising earnings downwards. The downgrade is attributed to a lower neutral job rate impacting homebuilders’ efforts and undermining previous assumptions about demand stabilization. Despite these headwinds, D.R. Horton is considered undervalued by InvestingPro analysis with a consensus price target 14% higher than current levels.

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