WCI Communities (WCI) Sinks On Downgrade, Bankruptcy Fears

Shares of WCI Communities (NYSE: WCI) are under heavy pressure today (-19%) after Raymond James downgraded the stock from Market Perform to Underperform. The firm said bankruptcy risk is now a likely potential outcome and sees little or no value for equity holders.

WCI Communities, Inc. operates as an integrated homebuilding and real estate services company in the United States.

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