[ad_1] Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm reported a better-than-expected quarterly profit and revenue, but gave a weaker-than-expected revenue forecast for the current quarter. Accenture pointed to IT spending cuts by corporate customers and a negative impact from the stronger dollar. …
Read More »H.B. Fuller, KB Home, Lennar and more
[ad_1] Residential single family homes construction by KB Home Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters Check out the companies making headlines after hours. KB Home — Shares dipped 2.1% …
Read More »Homebuilders often outperform after weakness, KeyBanc double upgrades
[ad_1] It’s time to buy D.R. Horton, Lennar and other homebuilders as the housing market is due for a comeback, according to KeyBanc Capital Markets. Analyst Kenneth Zener double upgraded the homebuilding sector to overweight from underweight, saying history points to higher prices after declines this year, which came amid …
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