D.R. Horton and Smith Douglas Homes downgraded by BofA Securities analyst due to tough outlook for homebuilder stocks, declining demand, and rising costs.
Amer Sports, the maker of Wilson tennis rackets and a host of other sports equipment, raised about $1.37 billion in its initial public offering, which was priced below the previously expected $16-$18 range. This was yet another disappointing IPO.
