Beazer Homes

By Fil Zucchi, Minyanville   Minyanville reader Paul writes:   Dear Fil Zucchi, Beazer Homes (NYSE: BZH) received an upgrade today from JPMorgan (NYSE: JPM) along with Pulte Homes (NYSE: PHM) and KB Homes (NYSE: KBH); Toll Brothers (NYSE: TOL) was downgraded because of valuation....

The focus this week, at least initially, will no doubt be on the effect of the downgrade of U.S. debt. But there will be plenty more earnings as well, including reports from Walt Disney (NYSE: DIS), News Corp. (NASDAQ: NWS), Cisco Systems (NASDAQ: CSCO) and Aol (NYSE: AOL). The parade of retail...

Bank of America Merrill Lynch is out with its report today on Beazer Homes (NYSE: BZH), lowering its PO to $5. In a note to clients, Bank of America Merrill Lynch writes, "We maintain our Neutral rating but are reducing our price objective to $5 to reflect the potential downside risk to F3Q...

Citi has clarified a previous report on Beazer Homes' (NYSE: BZH) Investor Meeting. According to Citi, "In the note we published last night, we wrote that whereas BZH had previously expected its sales in '11 to be up 15%-20% y/y, it now expects sales to be up 10%- 15% y/y. Just to clarify, BZH had...

Citi is out with its report today on Beazer Homes (NYSE: BZH), maintaining a Buy/Speculative rating. In a note to clients, Citi writes, "We rate BZH as Speculative Risk because of the uncertainty surrounding the ultimate duration and magnitude of the housing market's downturn as well as the...