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Fly News Breaks for March 17, 2017
MHO, MDC
Mar 17, 2017 | 08:49 EDT
FBN Securities analyst Joel Locker downgraded M.D.C. Holdings (MDC) to Sector Perform from Outperform, citing his belief that home price appreciation will continue to lag land, labor and material costs and hurt homebuilders' margins. The analyst, who also downgraded M/I Homes (MHO) this morning, noted that with the changes none of the 12 homebuilders in his coverage are now rated Outperform.
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