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Home Run To Homewrecker – Analyst Cautious On Homebuilders, Downgrades Key Players

Seaport analyst Kenneth Zener adjusts his stance on homebuilding stocks, downgrading key players due to a cautious outlook for FY24. With recession concerns lingering, Zener anticipates potential challenges, emphasizing the risk of anticipated tailwinds transforming into headwinds. Builder margins are expected to stabilize, influenced by diminishing past incentives, counteracted by rising input costs.

DHI

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Why KeyCorp Shares Are Trading Lower By Over 5%? Here Are Other Stocks Moving In Thursday’s Mid-Day Session

Shares of KeyCorp (NYSE: KEY) moved lower during Thursday’s session after the company reported fourth-quarter financial results. Revenues of $1.538 billion, down 19.0% Y/Y, slightly topped the consensus of $1.532 billion. Adjusted EPS of 25 cents topped the street view of 23 cents.

ACST