DHI Jul 2024 142.000 put

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