WS #15459
RBC Capital has executed a broad downgrade of domestic cyclicals, citing weakening demand and margin pressure. The firm downgraded homebuilders, Whirlpool, Mohawk Industries, and Owens-Corning, lowering price targets significantly across the board. This coordinated action signals that analysts expect a slowdown in US domestic consumption and housing activity, driven by the combined impact of high interest rates and elevated energy costs.
RBC Downgrades & Domestic Cyclicals
RBC Capital has executed a broad downgrade of domestic cyclicals, citing weakening demand and margin pressure. The firm downgraded homebuilders, Whirlpool, Mohawk Industries, and Owens-Corning, lowering price targets significantly across the board. This coordinated action signals that analysts expect a slowdown in US domestic consumption and housing activity, driven by the combined impact of high interest rates and elevated energy costs.