NEW YORK (TheStreet) -- Shares of D.R. Horton, Inc. (DHI) are up 0.79% to $21.79 in early-market trading after the home building company was upgraded to "overweight" from "neutral" at JPMorgan Chase (JPM) , with a higher price target of $26 from $21.
Analysts at the firm cited an attractive relative valuation and expectations for above average order growth.
Shares of Lennar are up 0.77% to $39.35, and shares of PulteGroup are up 0.86% to $18.76 this morning.
Separately, TheStreet Ratings team rates D R HORTON INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate D R HORTON INC (DHI) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."