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

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Seaport analyst Kenneth Zener downgraded several homebuilding stocks following a weak outlook for the builder’s sector for FY24.

The analyst says if recession fears ease further, he expects fading rallies into affirmative FY24 sector guidance, ‘as expected tailwinds may become headwinds, and/or an Early to Late sector rotation unfolds.’

The analyst projects builder margins to be bottoming broadly on the easing of …

Full story available on Benzinga.com

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