Beazer Homes Inc. (BZH)

[Wildbilly]

(NYSE:BZH) was upgraded from Neutral to Outperform at Credit Suisse today.

Credit Suisse Likes Pullback in Housing Names

   Credit Suisse isn't as worried now about overheating in the homebuilding sector, upgrading MDC and Sheetrock maker USG to neutral while boosting Beazer (BZH) to outperform amid some recent stock weakness in construction firms. After topping out early this year at $31, USG is down more than 20%. But Credit Suisse, which raises its price target $5 to $27, says market checks point "to better pricing power" than the investment bank anticipated, with volume "remaining solid." As for BZH, its gains have majorly lagged peers, and its nearly 25% drop since late January has created "an attractive entry point." MDC has also underperformed, and the stock "now adequately reflects" margin concerns. They're all inactive premarket. ([e-mail])
  (END) Dow Jones Newswires
  
Source: DJ Broad Tape