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
9/23/2024	LEN Lennar	Upgrade	$169.00		Neutral ➝ Outperform	Low
9/17/2024	BZH Beazer Homes USA	Reiterated Rating	$33.00		Neutral ➝ Underperform	Low
9/17/2024	TPH Tri Pointe Homes	Upgrade	$42.00	$43.00	Underperform ➝ Neutral	Low
9/5/2024	AVB AvalonBay Communities	Upgrade	$229.00		Hold	Medium
8/12/2024	TMHC Taylor Morrison Home	Upgrade	$70.00		Neutral ➝ Outperform	Low
8/5/2024	BZH Beazer Homes USA	Downgrade	$33.00		Strong-Buy ➝ Hold	Low
7/17/2024	AMWD American Woodmark	Reiterated Rating	$96.00		Buy ➝ Neutral	Low
6/17/2024	BLDR Builders FirstSource	Reiterated Rating	$176.00		Buy ➝ Hold	Low
5/23/2024	HOV Hovnanian Enterprises	Upgrade	$168.00	$155.00	Underperform ➝ Neutral	Low
5/13/2024	DFH Dream Finders Homes	Upgrade	$28.00	$34.50	Neutral ➝ Outperform	Low
5/13/2024	KBH KB Home	Reiterated Rating	$79.00	$69.00	Neutral ➝ Underperform	Low
4/24/2024	PHM PulteGroup	Upgrade	$129.00		Neutral ➝ Outperform	Low
4/12/2024	TMHC Taylor Morrison Home	Upgrade	$70.00		Underperform ➝ Neutral	Low
4/12/2024	HOV Hovnanian Enterprises	Reiterated Rating	$168.00		Neutral ➝ Underperform	Low
4/2/2024	LOW Lowe's Companies	Reiterated Rating	$269.00	$265.00	Outperform ➝ Neutral	Low
4/2/2024	HD Home Depot	Upgrade	$408.00		Neutral ➝ Outperform	Low
2/26/2024	MTH Meritage Homes	Upgrade	$179.00		Neutral ➝ Outperform	Low
8/18/2023	AMWD American Woodmark	Upgrade	$96.00		Hold ➝ Buy	Low
8/18/2023	SWK Stanley Black & Decker	Upgrade	$85.00		Hold ➝ Buy	Low
8/18/2023	CSL Carlisle Companies	Downgrade	$445.00		Hold ➝ Sell	Low
7/31/2023	BZH Beazer Homes USA	Upgrade	$33.00		Hold ➝ Buy	Low
5/25/2023	TOL Toll Brothers	Upgrade	$153.00		Hold ➝ Buy	Low
5/8/2023	BLDR Builders FirstSource	Upgrade	$176.00		Hold ➝ Buy	Low
4/27/2023	ZG Zillow Group	Upgrade	$71.00		Hold ➝ Buy	Low
3/10/2023	BECN Beacon Roofing Supply	Downgrade	$99.00		Hold ➝ Sell	Low
3/3/2023	COMP Compass	Upgrade	$6.00		Hold ➝ Buy	Low
2/7/2023	BECN Beacon Roofing Supply	Initiated Coverage	$99.00		Hold	Low
1/27/2023	SHW Sherwin-Williams	Downgrade	$379.00		Buy ➝ Hold	Low
12/21/2022	BLDR Builders FirstSource	Downgrade	$176.00		Buy ➝ Hold	Low
12/21/2022	AWI Armstrong World Industries	Downgrade	$153.00		Buy ➝ Hold	Low
12/16/2022	MBC MasterBrand	Initiated Coverage	$17.00		Buy	Low
12/16/2022	FBIN Fortune Brands Innovations	Initiated Coverage	$74.00		Hold	Low
12/1/2022	FERG Ferguson	Initiated Coverage	$200.00		Buy	Low
8/5/2022	IBP Installed Building Products	Downgrade	$200.00		Buy ➝ Hold	Low
8/5/2022	BLD TopBuild	Downgrade	$347.00		Buy ➝ Hold	Low
7/18/2022	OPEN Opendoor Technologies	Downgrade	$2.00		Buy ➝ Hold	N/A
5/11/2022	AZEK AZEK	Upgrade	$46.00		Hold ➝ Buy	High
4/22/2022	COMP Compass	Initiated Coverage	$6.00		Hold	High
3/14/2022	AZEK AZEK	Initiated Coverage	$46.00		Hold	Medium
3/14/2022	TREX Trex	Initiated Coverage	$68.00		Hold	Medium
12/23/2021	IBP Installed Building Products	Upgrade	$200.00		Hold ➝ Buy	Medium
12/23/2021	BLD TopBuild	Upgrade	$347.00		Hold ➝ Buy	Medium
12/13/2021	KBH KB Home	Upgrade	$79.00		Hold ➝ Buy	High
12/13/2021	MTH Meritage Homes	Upgrade	$179.00		Hold ➝ Buy	Medium