A number of downgrades hit homebuilding sector

|By:, SA News Editor

Keep an eye on the homebuilding sector today amid a number of downgrades from two separate sell-side teams.

KB Home (KBH) suffers a two-notch downgrade to Underperform from Bank of America, which also cuts Meritage Homes (MTH) to Underperform.

Citi, meanwhile, removes Buy ratings at D.R. Horton (DHI), New Home Company (NWHM), and Taylor Morrison (TMHC).

Related ETFs: XHB, ITB