- Keep an eye on the homebuilding sector today amid a number of downgrades from two separate sell-side teams.
- KB Home (NYSE:KBH) suffers a two-notch downgrade to Underperform from Bank of America, which also cuts Meritage Homes (NYSE:MTH) to Underperform.
- Citi, meanwhile, removes Buy ratings at D.R. Horton (NYSE:DHI), New Home Company (NYSE:NWHM), and Taylor Morrison (NYSE:TMHC).
- Related ETFs: XHB, ITB