Texas Capital sees Beazer Homes outperforming peers, starts at Buy

As previously reported, Texas Capital analyst Alex Rygiel initiated coverage of Beazer Homes (BZH) with a Buy rating and $25 price target Beazer is a small-cap homebuilder with operations in 13 states within the West, East and Southeast regions, as well as “the first public homebuilder with essentially all new starts being built” to the DOE’s Zero Energy Ready Home standard, the analyst tells investors. While the firm does not expect Beazer to be immune from macro industry trends, it believes the homebuilder should outperform most peers, particularly as it de-levers the balance sheet, the analyst added.