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Fly News Breaks for May 4, 2016
KBH, BZH
May 4, 2016 | 05:47 EDT
UBS analyst Susan Maklari last night downgraded Beazer Homes (BZH) to Neutral from Buy and lowered her price target for the shares to $8 from $12. The company's earnings are ramping slower than expected amid the "moderate" housing upturn and its decision to focus on greater cash generation, Maklari told investors in a research note. The analyst last night also downgraded KB Home (KBH) to Sell from Neutral.
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