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Stock Market & Financial Investment News

News Breaks
January 28, 2013
16:06 EDTBZHBeazer Homes reports backlog of $478.3M as of December 31, 2012
Total backlog as of December 31, 2012 from continuing operations: 1,817 homes with a sales value of $478.3M, compared to 1,307 homes with a sales value of $315.8M as of December 31, 201.1
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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