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Stock Market & Financial Investment News

News Breaks
January 29, 2013
14:14 EDTBZH, RYL, NVR, KBH, TOL, MDC, LEN, PHM, SPF, DHIHomebuilders climb after D.R. Horton's results beat expectations
Several homebuilders are advancing after one of the companies in the space, D.R. Horton (DRI), reported stronger than expected results. D.R. Horton reported first quarter earnings per share of 20c, versus analysts' consensus estimate of 14c. The homebuilder's revenue also beat expectations, as its average sales price increased due to pricing power, geographic mix and larger homes being sold. Moreover, the company added that it expects to have a good Spring selling season. A number of upgrades of homebuilder companies by research firms may also be contributing to the strength in the sector. Compass Point upgraded Lennar (LEN) to Buy from Hold earlier today, while the same firm also raised its rating on Hovnanian (HOV) to Neutral from Sell and upgraded Standard Pacific (SPF) to Buy from Neutral. In mid-afternoon trading, Lennar climbed 1.46% to $42.52, Hovnanian advanced 3.20% to $6.12, Standard Pacific rose 1.93% to $8.45 and D.R. Horton jumped 10.14% to $23.47.
News For DHI;SPF;PHM;LEN;MDC;TOL;KBH;NVR;RYL;BZH From The Last 14 Days
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October 21, 2014
10:00 EDTNVROn The Fly: Analyst Upgrade Summary
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07:38 EDTNVRNVR upgraded to Hold from Sell at ISI Group
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October 20, 2014
09:02 EDTNVRNVR reports Q3 Homebuilding new orders up 23% to 2,936 units
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09:02 EDTNVRNVR reports Q3 EPS $20.70, consensus $20.48
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07:51 EDTPHMPulteGroup initiated with a Buy at Buckingham
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07:51 EDTLENLennar initiated with a Buy at Buckingham
Target $50.
07:51 EDTTOLToll Brothers initiated with a Neutral at Buckingham
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07:51 EDTKBHKB Home initiated with a Buy at Buckingham
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07:50 EDTDHID.R. Horton initiated with a Neutral at Buckingham
Target $23.
October 13, 2014
10:08 EDTKBH, DHIOn The Fly: Analyst Upgrade Summary
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08:52 EDTDHIUS Building Products & Homebuilding sector lowered at Barclays
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07:11 EDTDHID.R. Horton upgraded to Buy from Neutral at Compass Point
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07:11 EDTKBHKB Home upgraded to Neutral from Sell at Compass Point
Compass Point upgraded KB Home to Neutral citing relative valuation and focus on lower price points. Price target raised to $15.50 from $13.50.
October 10, 2014
10:22 EDTLENLennar management to meet with JPMorgan
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10:01 EDTPHMOn The Fly: Analyst Upgrade Summary
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09:30 EDTKBHKB Home upgraded to Outperform from Sector Perform at FBN Securities
FBN Securities upgraded KB Home to Outperform based on relative valuation and increased balance sheet leverage.
09:28 EDTPHMPulteGroup upgraded to Sector Perform from Underperform at FBN Securities
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October 8, 2014
10:00 EDTRYLOn The Fly: Analyst Downgrade Summary
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07:54 EDTRYLRyland Group downgraded at KeyBanc
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05:53 EDTRYLRyland Group downgraded to Underweight from Hold at KeyBanc
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