Market Overview

UPDATE: Sterne Agee Downgrades Beazer Homes on Strategy of Reducing Underperforming Communities


In a report published on Tuesday, Sterne Agee analyst Jay McCanless downgraded Beazer Homes  (NYSE: BZH) from Buy to Neutral and maintained a price target of $22.00.

In the report, Sterne Agee noted, "Headline Risk Is The Reason We Are Downgrading BZH. We believe BZH management is pursuing a strategy of reducing underperforming communities in FY13. Since this culling will likely result in negative Y/Y community count growth, we anticipate Y/Y order comparisons will be -5.0% in F3Q13 versus our group estimate of 20.5% growth and +10.0% in F4Q13 versus our group estimate of 20.5% growth. We are concerned that if our order estimates prove correct, BZH's share price could be pressured because of below-average operating comparisons versus the group."

Beazer Homes closed on Monday at $22.73.

Latest Ratings for BZH

Apr 2020WedbushMaintainsNeutral
Jan 2020WedbushDowngradesOutperformNeutral
Sep 2018Credit SuisseMaintainsNeutralNeutral

View More Analyst Ratings for BZH
View the Latest Analyst Ratings


Related Articles (BZH)

View Comments and Join the Discussion!

Posted-In: Jay McCanless Stern AgeeAnalyst Color Downgrades Analyst Ratings

Latest Ratings

YEXTDA DavidsonMaintains20.5
BYDB of A SecuritiesMaintains47.0
SAICMorgan StanleyMaintains98.0
PVHMorgan StanleyMaintains104.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
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.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
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