Toll Brothers Reports Q3 EPS Beat, Cuts Guidance
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Homebuilders Downgraded at BofA as New Home Demand Resets Lower
August 25, 2022 1:32 PM EDTBofA analyst Rafe Jadrosich downgraded shares of homebuilder stocks Lennar Corp. (NYSE: LEN), KB Home (NYSE: KBH), and Toll Brothers (NYSE: TOL) on Thursday, stating housing demand is reset for higher rates.
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