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D.R. Horton beats Q1 estimates, analysts raise targets as Cramer flags rate sensitivity

D.R. Horton reported fiscal Q1 revenue of $6.89 billion and EPS of $2.03, topping analyst estimates and prompting analyst target increases (Evercore to $169, UBS to $193). Jim Cramer said lower interest rates could prompt renewed buying interest in the large homebuilder. Investors cited strong closings, resilient margins, flat new orders and raised buyback guidance as signs of operational strength. » More on finance.yahoo.com