Shares of several homebuilders are trading lower after being downgraded by Wedbush from Neutral to Underperform. The sector may also be under pressure amid a rise in Treasury yields.
Portfolio Pulse from Benzinga Newsdesk
Shares of homebuilders CCS, DHI, LEN, LGIH, MTH are trading lower following a downgrade by Wedbush from Neutral to Underperform, amid rising Treasury yields putting pressure on the sector.
April 02, 2024 | 2:59 pm
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NEGATIVE IMPACT
CCS shares are trading lower after a downgrade by Wedbush, amid sector pressure from rising Treasury yields.
The downgrade by Wedbush directly impacts CCS's stock perception, likely leading to a short-term negative price movement. Rising Treasury yields generally increase borrowing costs, which can negatively affect homebuilders like CCS.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
DHI shares are trading lower after a downgrade by Wedbush, amid sector pressure from rising Treasury yields.
The downgrade by Wedbush directly impacts DHI's stock perception, likely leading to a short-term negative price movement. Rising Treasury yields generally increase borrowing costs, which can negatively affect homebuilders like DHI.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
LEN shares are trading lower after a downgrade by Wedbush, amid sector pressure from rising Treasury yields.
The downgrade by Wedbush directly impacts LEN's stock perception, likely leading to a short-term negative price movement. Rising Treasury yields generally increase borrowing costs, which can negatively affect homebuilders like LEN.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
LGIH shares are trading lower after a downgrade by Wedbush, amid sector pressure from rising Treasury yields.
The downgrade by Wedbush directly impacts LGIH's stock perception, likely leading to a short-term negative price movement. Rising Treasury yields generally increase borrowing costs, which can negatively affect homebuilders like LGIH.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
MTH shares are trading lower after a downgrade by Wedbush, amid sector pressure from rising Treasury yields.
The downgrade by Wedbush directly impacts MTH's stock perception, likely leading to a short-term negative price movement. Rising Treasury yields generally increase borrowing costs, which can negatively affect homebuilders like MTH.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90