DHI Jul 2024 125.000 put
- Yahoo Finance Video
Citi downgrades D.R. Horton, Lennar
Shares of D.R. Horton (DHI) and Lennar (LEN) are falling after Citi downgraded the homebuilders from Buy to Neutral and slashed their price targets. Brad Smith and Madison Mills analyze the call as the housing market continues to face pressure. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
- Bloomberg
Homebuilders Cut on 'Sluggish' Housing Market, Florida Woes
(Bloomberg) -- Homebuilder-stock analysts are increasingly worried about signs of softening in key hot spots like Florida and Texas.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersTrump Immunity Ruling Means Any Trial Before Election UnlikelyLennar Corp. and D.R. Horton I
- Barrons.com
Lennar and D.R. Horton Stocks Get Downgrades. Rate Cuts Might Not Help Home Builders.
Now isn’t the time to buy home builder stocks, says a Citi analyst who downgraded shares of Lennar and D.R. Horton on Tuesday. Anthony Pettinari moved his ratings on shares of Lennar and D.R. Horton to Neutral from Buy. The analyst wrote in a research note that these downgrades reflect a “slowing housing market.”
