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Home Depot, Lowe's stock downgraded on housing headwinds

Por: Fox Business Business August 09, 2023

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Redfin CEO Glenn Kelman says it's hard to fault the Fed for 'overdoing' rate hikes when there are other 'persistent' sources of inflation. Analysts at the Telsey Advisory Group downgraded and stock on Tuesday amid a housing market weakened by falling home sales and mortgage increases. The New York-based financial planner and brokerage firm said existing home sales have declined for several quarters, because of a rapid... + full article



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