Market Overview

UPDATE: Compass Point Upgrades Beazer Homes USA to Neutral Following 2Q13 Earnings Results

Share:

In a report published Friday, Compass Point analyst Wilkes Graham upgraded the rating on Beazer Homes USA (NYSE: BZH) from Sell to Neutral, and raised the price target from $15.00 to $19.50.

In the report, Graham noted, “While 2Q13 earnings results were generally in line with expectations, guidance towards a profitable second half of 2013 and full year 2014 on the earnings call was both surprising and encouraging. While we applaud management's fairly specific estimate ranges for various key operating metrics, we can't quite see profitability in 2014, but nevertheless we do believe the company is set to turn the corner in the coming quarters. Ultimately, we see further upside in our price target if the company can cut interest expense at a quicker or more drastic rate than we're already modeling, or if the company can produce materially more EBITDA than our estimates.”

Beazer Homes USA closed on Thursday at $18.52.

Latest Ratings for BZH

DateFirmActionFromTo
Sep 2018MaintainsNeutralNeutral
Sep 2018MaintainsOutperformOutperform
Sep 2018DowngradesOverweightNeutral

View More Analyst Ratings for BZH
View the Latest Analyst Ratings

Posted-In: Compass PointAnalyst Color Upgrades Analyst Ratings

 

Related Articles (BZH)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
XELMaintains60.0
SOMaintains54.0
SREMaintains141.0
EXCMaintains56.0
ESMaintains77.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

UPDATE: Bank of America Downgrades MercadoLibre to Neutral on Prevailing Valuations

Global X to Reverse Split 3 Gold Miners ETFs, 3 Others