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Home » Store » News » Agencies Lower Ratings for Homestore.com

Agencies Lower Ratings for Homestore.com

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Securities rating firms Goldman Sachs and Prudential have lowered their ratings for online real estate and mortgage aggregator Homestore.com. Goldman Sachs on Tuesday lowered its rating on Homestore.com to a "market outperform" from "recommended." Goldman Sachs said that it had concerns about earnings growth, a slowdown in the housing market and depressed real estate related to online advertising.
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