Zelman & Associates Stock Recommendations and Price Targets

This is a list of recent ratings by Zelman & Associates.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
5/13/2024	KBH KB Home	Reiterated Rating	$73.00	$69.00	Neutral ➝ Underperform	Low
5/13/2024	DFH Dream Finders Homes	Upgrade	$29.00	$34.50	Neutral ➝ Outperform	Low
4/24/2024	PHM PulteGroup	Upgrade	$119.00		Neutral ➝ Outperform	Low
4/12/2024	HOV Hovnanian Enterprises	Reiterated Rating	$173.00		Neutral ➝ Underperform	Low
4/12/2024	TMHC Taylor Morrison Home	Upgrade	$60.00		Underperform ➝ Neutral	Low
4/2/2024	HD Home Depot	Upgrade	$344.00		Neutral ➝ Outperform	Low
4/2/2024	LOW Lowe's Companies	Reiterated Rating	$231.00	$265.00	Outperform ➝ Neutral	Low
2/26/2024	MTH Meritage Homes	Upgrade	$183.00		Neutral ➝ Outperform	Low
8/18/2023	CSL Carlisle Companies	Downgrade	$418.00		Hold ➝ Sell	Low
8/18/2023	SWK Stanley Black & Decker	Upgrade	$90.00		Hold ➝ Buy	Low
8/18/2023	AMWD American Woodmark	Upgrade	$96.00		Hold ➝ Buy	Low
7/31/2023	BZH Beazer Homes USA	Upgrade	$29.00		Hold ➝ Buy	Low
5/25/2023	TOL Toll Brothers	Upgrade	$131.00		Hold ➝ Buy	Low
5/8/2023	BLDR Builders FirstSource	Upgrade	$167.00		Hold ➝ Buy	Low
4/27/2023	ZG Zillow Group	Upgrade	$43.00		Hold ➝ Buy	Low
3/10/2023	BECN Beacon Roofing Supply	Downgrade	$96.00		Hold ➝ Sell	Low
3/3/2023	COMP Compass	Upgrade	$4.00		Hold ➝ Buy	Low
2/7/2023	BECN Beacon Roofing Supply	Initiated Coverage	$96.00		Hold	Low
1/27/2023	SHW Sherwin-Williams	Downgrade	$312.00		Buy ➝ Hold	Low
12/21/2022	BLDR Builders FirstSource	Downgrade	$167.00		Buy ➝ Hold	Low
12/21/2022	AWI Armstrong World Industries	Downgrade	$114.00		Buy ➝ Hold	Low
12/16/2022	FBIN Fortune Brands Innovations	Initiated Coverage	$73.00		Hold	Low
12/16/2022	MBC MasterBrand	Initiated Coverage	$16.00		Buy	Low
12/1/2022	FERG Ferguson	Initiated Coverage	$211.00		Buy	Low
8/5/2022	BLD TopBuild	Downgrade	$404.00		Buy ➝ Hold	Low
8/5/2022	IBP Installed Building Products	Downgrade	$212.00		Buy ➝ Hold	Low
7/18/2022	OPEN Opendoor Technologies	Downgrade	$2.00		Buy ➝ Hold	N/A
5/11/2022	AZEK AZEK	Upgrade	$47.00		Hold ➝ Buy	High
4/22/2022	COMP Compass	Initiated Coverage	$4.00		Hold	High
3/14/2022	TREX Trex	Initiated Coverage	$88.00		Hold	Medium
3/14/2022	AZEK AZEK	Initiated Coverage	$47.00		Hold	Medium
12/23/2021	BLD TopBuild	Upgrade	$404.00		Hold ➝ Buy	Medium
12/23/2021	IBP Installed Building Products	Upgrade	$212.00		Hold ➝ Buy	Medium
12/13/2021	MTH Meritage Homes	Upgrade	$183.00		Hold ➝ Buy	Medium
12/13/2021	KBH KB Home	Upgrade	$73.00		Hold ➝ Buy	High
11/15/2021	CSL Carlisle Companies	Initiated Coverage	$418.00		Buy	Medium
11/11/2021	BZH Beazer Homes USA	Upgrade	$29.00		Sell ➝ Hold	High
11/5/2021	BLDR Builders FirstSource	Upgrade	$167.00		Sell ➝ Buy	Medium
9/15/2021	DFH Dream Finders Homes	Upgrade	$29.00		Sell ➝ Hold	Low
9/7/2021	OPEN Opendoor Technologies	Initiated Coverage	$2.00		Buy	N/A
8/9/2021	ZG Zillow Group	Upgrade	$43.00		Hold ➝ Buy	Low
7/29/2021	CCS Century Communities	Upgrade	$88.00		Sell ➝ Hold	High
7/23/2021	TPH Tri Pointe Homes	Upgrade	$40.00		Sell ➝ Hold	High
7/8/2021	BLDR Builders FirstSource	Initiated Coverage	$167.00		Sell	Low
6/24/2021	AWI Armstrong World Industries	Upgrade	$114.00		Hold ➝ Buy	Low
6/24/2021	INVH Invitation Homes	Downgrade	$35.00		Buy ➝ Hold	Low