Sidoti & Co. Downgrades Beazer Homes USA to Neutral, Raises Price Target to $31
Portfolio Pulse from richadhand@benzinga.com
Sidoti & Co. has downgraded Beazer Homes USA (NYSE:BZH) from Buy to Neutral, while raising the price target from $23 to $31.
July 12, 2023 | 2:11 pm
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NEUTRAL IMPACT
Beazer Homes USA has been downgraded from Buy to Neutral by Sidoti & Co., but the price target has been raised from $23 to $31.
The downgrade from Buy to Neutral suggests that Sidoti & Co. sees less upside potential in Beazer Homes USA's stock. However, the raised price target indicates an expectation of some growth, which could balance out the impact of the downgrade. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100