Goldman Sachs thinks a focus on home sale volume will lift D.R.
Horton despite higher mortgage rates.
Goldman did trim its target price to $131 from $132, which still equates to 26.3% upside from Friday's $103.66 close.
Mortgage rates have been rising sharply this year, as the Federal Reserve tightens monetary policy to fight inflation and the benchmark 10-year Treasury yield climbs to levels not seen in 16 years.
Horton stock.
Persons:
Goldman Sachs, Horton, Goldman, Susan Maklari, Maklari, D.R, — CNBC's Michael Bloom
Organizations:
Federal Reserve
Locations:
Horton