BUZZ-Barclays cuts PT on US homebuilders amid macro uncertainty

Toll Brothers, Inc.
Taylor Morrison Home Corporation
D.R. Horton, Inc.
Lennar Corporation Class A
PulteGroup, Inc.

Toll Brothers, Inc.

TOL

0.00

Taylor Morrison Home Corporation

TMHC

0.00

D.R. Horton, Inc.

DHI

0.00

Lennar Corporation Class A

LEN

0.00

PulteGroup, Inc.

PHM

0.00

** Barclays cuts price target on U.S. homebuilders

** Brokerage says geopolitical tensions, higher rates and broader economic uncertainty are weighing on consumers into a vital period of the spring selling season

** Homebuilders could be set for another 'lost year' with waning consumer demand and new inflation in construction materials coming at just the wrong time - Barclays

** Adds that it assumes more challenged demand, higher mortgage rates and still-elevated inventories may force builders to lean harder on incentives

** Following are the new PTs:

Company name

New PT

Old PT

D.R. Horton DHI.N

$128

$129

Lennar LEN.N

$80

$85

Toll Brothers TOL.N

$115

$116

PulteGroup PHM.N

$112

$115

Taylor Morrison TMHC.N

$68

$70






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