Credit Suisse downgraded PulteGroup, Inc. (NYSE:PHM) to Neutral from Outperform following monthly survey results that indicate continued demand weakness and lower buyer traffic. The firm expects lower 1H 2014 absorption rates and margins. Price target is $20. PulteGroup, Inc. (NYSE:PHM) stock opened at $19.64 in last session, and closed at $19.67, while the day range of stock is $19.29 – $19.70. The stock showed a negative weekly performance of -4.47%.
D.R. Horton (NYSE:DHI) was downgraded by research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a report released on Monday, TheFlyOnTheWall.com reports. D.R. Horton, Inc. (NYSE:DHI) stock opened at $22.41, in last session and closed at $22.65, by gaining 0.13%. The 52 week range of the stock is $17.52 – $27.75. Company’s market capitalization is $7.33 billion.
Cemex S.A.B. de C.V. (ADR) (NYSE:CX) is unchanged at $12.60, with 2,891,631 shares traded. As reported by Zacks, the current mean recommendation for CX is in the “buy range”. Cemex SAB de CV (ADR) (NYSE:CX) stock decreased -0.63% and finished the last session at $12.52. The EPS of the stock remained -0.71. Company’s market capitalization is $14.30 billion.
Industrial giant General Electric Company (NYSE:GE) has its sights set on its budding subsea oil and gas business, where it helps drillers extract oil beneath the seabed and where it is developing so-called disruptive technology, one that holds the potential to revolutionize the industry. General Electric Company (NYSE:GE) stock opened the session at $25.68, and closed the session at $25.76. The 52 week range of the stock remained $21.11 – $28.09 and the day range was $25.63 – $25.83.
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