Sector roundup: Beer makers, homebuilders

Sector roundup: Beer and bourbon makers rise on analyst note; homebuilders fall on report

Associated Press

Among the sector activity stories for Thursday, May 16, from AP Business News:

— Shares of three beer and bourbon makers rose after upgrades by an analyst who wrote that they should benefit from demand trends and other factors.

— Shares of homebuilders fell on a report that U.S. builders broke ground on fewer homes in April, but analysts said the drop could be looked at as a buying opportunity.

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