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
3/5/2025	RDFN Redfin	Upgrade	$10.00		Strong-Buy	Low
2/13/2025	AVB AvalonBay Communities	Upgrade	$213.00		Neutral ➝ Outperform	Low
2/13/2025	UDR UDR	Reiterated Rating	$45.00		Outperform ➝ Neutral	Low
2/12/2025	HOV Hovnanian Enterprises	Reiterated Rating	$104.00		Neutral ➝ Underperform	High
1/31/2025	CCS Century Communities	Upgrade	$67.00		Hold	Low
1/27/2025	FPH Five Point	Upgrade	$5.00		Neutral ➝ Outperform	High
1/17/2025	SHW Sherwin-Williams	Upgrade	$340.00		Strong-Buy	Medium
1/17/2025	FERG Ferguson	Downgrade	$161.00		Strong-Buy ➝ Hold	Medium
1/17/2025	MAS Masco	Upgrade	$69.00		Strong-Buy	Low
1/16/2025	BECN Beacon Roofing Supply	Downgrade	$124.00		Strong-Buy ➝ Hold	N/A
9/23/2024	LEN Lennar	Upgrade	$114.00		Neutral ➝ Outperform	Low
9/17/2024	TPH Tri Pointe Homes	Upgrade	$32.00	$43.00	Underperform ➝ Neutral	Low
9/17/2024	BZH Beazer Homes USA	Reiterated Rating	$20.00		Neutral ➝ Underperform	Low
9/5/2024	AVB AvalonBay Communities	Upgrade	$213.00		Hold	Medium
8/12/2024	TMHC Taylor Morrison Home	Upgrade	$60.00		Neutral ➝ Outperform	Low
8/5/2024	BZH Beazer Homes USA	Downgrade	$20.00		Strong-Buy ➝ Hold	Low
7/17/2024	AMWD American Woodmark	Reiterated Rating	$59.00		Buy ➝ Neutral	Low
6/17/2024	BLDR Builders FirstSource	Reiterated Rating	$125.00		Buy ➝ Hold	Low
5/23/2024	HOV Hovnanian Enterprises	Upgrade	$104.00	$155.00	Underperform ➝ Neutral	Low
5/13/2024	KBH KB Home	Reiterated Rating	$58.00	$69.00	Neutral ➝ Underperform	Low
5/13/2024	DFH Dream Finders Homes	Upgrade	$23.00	$34.50	Neutral ➝ Outperform	Low
4/24/2024	PHM PulteGroup	Upgrade	$102.00		Neutral ➝ Outperform	Low
4/12/2024	HOV Hovnanian Enterprises	Reiterated Rating	$104.00		Neutral ➝ Underperform	Low
4/12/2024	TMHC Taylor Morrison Home	Upgrade	$60.00		Underperform ➝ Neutral	Low
4/2/2024	HD Home Depot	Upgrade	$358.00		Neutral ➝ Outperform	Low
4/2/2024	LOW Lowe's Companies	Reiterated Rating	$228.00	$265.00	Outperform ➝ Neutral	Low
2/26/2024	MTH Meritage Homes	Upgrade	$70.00		Neutral ➝ Outperform	Low
8/18/2023	CSL Carlisle Companies	Downgrade	$343.00		Hold ➝ Sell	Low
8/18/2023	SWK Stanley Black & Decker	Upgrade	$76.00		Hold ➝ Buy	Low
8/18/2023	AMWD American Woodmark	Upgrade	$59.00		Hold ➝ Buy	Low
7/31/2023	BZH Beazer Homes USA	Upgrade	$20.00		Hold ➝ Buy	Low
5/25/2023	TOL Toll Brothers	Upgrade	$105.00		Hold ➝ Buy	Low
5/8/2023	BLDR Builders FirstSource	Upgrade	$125.00		Hold ➝ Buy	Low
4/27/2023	ZG Zillow Group	Upgrade	$67.00		Hold ➝ Buy	Low
3/10/2023	BECN Beacon Roofing Supply	Downgrade	$124.00		Hold ➝ Sell	Low
3/3/2023	COMP Compass	Upgrade	$9.00		Hold ➝ Buy	Low
2/7/2023	BECN Beacon Roofing Supply	Initiated Coverage	$124.00		Hold	Low
1/27/2023	SHW Sherwin-Williams	Downgrade	$340.00		Buy ➝ Hold	Low
12/21/2022	BLDR Builders FirstSource	Downgrade	$125.00		Buy ➝ Hold	Low
12/21/2022	AWI Armstrong World Industries	Downgrade	$139.00		Buy ➝ Hold	Low
12/16/2022	FBIN Fortune Brands Innovations	Initiated Coverage	$61.00		Hold	Low
12/16/2022	MBC MasterBrand	Initiated Coverage	$13.00		Buy	Low
12/1/2022	FERG Ferguson	Initiated Coverage	$161.00		Buy	Low
8/5/2022	BLD TopBuild	Downgrade	$306.00		Buy ➝ Hold	Low
8/5/2022	IBP Installed Building Products	Downgrade	$171.00		Buy ➝ Hold	Low
7/18/2022	OPEN Opendoor Technologies	Downgrade	$1.00		Buy ➝ Hold	N/A
5/11/2022	AZEK AZEK	Upgrade	$50.00		Hold ➝ Buy	High
4/22/2022	COMP Compass	Initiated Coverage	$9.00		Hold	High