Beazer Homes price target lowered to $30 from $33 at Oppenheimer

Oppenheimer analyst Tyler Batory lowered the firm’s price target on Beazer Homes (BZH) to $30 from $33 and keeps an Outperform rating on the shares following quarterly results. This quarter continued a recent pattern of underwhelming operational metrics, though the firm attributes this more to macro headwinds than to execution issues. At 50% of current book value, Oppenheimer believes a lot of bad news is already reflected in the stock.