– The home builders received double upgrades to "buy" from "underperform" at Bank of America Securities. The firm notes underperformance by home builders in 2022 despite strong earnings and guidance and feels the risk/reward profile is now favorable. PulteGroup rose 1.
1% in the premarket, while Toll Brothers added 1%. – The company best known for TV ratings saw its stock rally 7.6% in the premarket after reporting adjusted quarterly earnings of 46 cents per share, 10 cents above estimates, and also issuing an upbeat full-year forecast. The company also announced a $1 billion share repurchase program.
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