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Stock Market & Financial Investment News

News Breaks
November 13, 2012
07:32 EDTBZHBeazer Homes pullback on Q4 results an overreaction, says JPMorgan
JPMorgan views yesterday's 17% pullback in shares of Beazer Homes following the company's Q4 results as an overreaction. The firm believes Beazer's turnaround plan remains on track and reiterates an Overweight rating on the name with a newly established price target of $18.
News For BZH From The Last 14 Days
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April 9, 2015
06:49 EDTBZHPulteGroup, Meritage cut to sell at JPMorgan on profit taking call
JPMorgan downgraded both PulteGroup (PHM) and Meritage Homes (MTH) to Underweight from Neutral saying the homebuilders are vulnerable to a pullback over the next six months following their strong year-to-date performance. Underweight is JPMorgan’s equivalent to a sell rating. The firm recommends taking some profits in the sector ahead the Q1 earnings reports amid what it sees as "overly positive" investor sentiment. It thinks homebuilders are "highly unlikely" to raise their 2015 gross margin guidance on the Q1 earnings calls. JPMorgan keeps a $21 price target on shares of PulteGroup and dropped its target for Meritage Homes to $38 from $43. Its only Overweight rated name in the space is Ryland Group (RYL).

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