B. Riley lowered the firm's price target on Beazer Homes to $22 from $23 and keeps a Neutral rating on the shares. Beazer Homes reported a weak Q2 with broad operational misses in closings, revenue, orders, and land sales, offset only by tax-related EPS noise, while repeated guidance cuts, affordability pressures, and rising input and macro risks have reduced near-term visibility despite valuation support near historical lows and optionality in a cyclical recovery, the analyst tells investors in a research note.
