Citi Downgrades Home Builders LEN and DHI as Housing Activity Softens

Tuesday, 2 July 2024, 11:20
In a recent move, Citi has downgraded home builders LEN and DHI to Neutral due to the softening housing activity. The analysts have reduced the target prices for these companies, leading to a divide between analysts and quants on assessing the situation. This downgrade reflects the current challenges in the housing market.
Seeking Alpha
Citi Downgrades Home Builders LEN and DHI as Housing Activity Softens

Citi Downgrades Home Builders LEN and DHI

In a recent development, Citi has downgraded the ratings for home builders LEN and DHI to Neutral.

Softening Housing Activity

This decision follows a trend of softening housing activity in the market.

Target prices have been reduced, causing a disparity in opinions between analysts and quants.

  • Key Points:
  • Downgrade to Neutral
  • Reduced Target Prices
  • Analysts and Quants Disagreement
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