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HOV

Hovnanian

$2.24

0.12 (5.66%)

09:04
02/17/18
02/17
09:04
02/17/18
09:04

Hovnanian stock too cheap to ignore, Barron's says

Hovnanian Enterprises offers an interesting speculative bet, because more than a decade's worth of problems are reflected in the price, Brett Arends writes in this week's edition of Barron's. A successful resolution of its legal issues, a corporate turnaround, a takeover, or a continued recovery in the U.S. real estate market are all potential catalysts, he adds. Reference Link

HOV Hovnanian
$2.24

0.12 (5.66%)

12/22/17
MKMP
12/22/17
DOWNGRADE
MKMP
Sell
Hovnanian downgraded to Sell from Neutral at MKM Partners
12/22/17
12/22/17
DOWNGRADE
Target $1.75

Sell
Hovnanian downgraded to Sell after post-earnings jump at MKM Partners
As previously reported, MKM Partners analyst Megan McGrath downgraded Hovnanian to Sell from Neutral, stating that the large positive move up on the heels of its earnings report followed what she viewed as "only a mildly positive quarter." Revenues are likely to continue to decline well into 2018 and cost headwinds are rising, not abating, McGrath tells investors. She has a $1.75 price target on the stock, which closed yesterday at $2.99.
12/22/17
12/22/17
DOWNGRADE

On The Fly: Top analyst downgrades
Catch up on today's top analyst downgrades with this list compiled by The Fly: 1. Dynagas LNG (DLNG) downgraded to Hold from Buy at Stifel with analyst Benjamin Nolan saying although the new three-year contract extension with Statoil (STO) improves cash flow visibility, the rates were below expectations and the cash flow gap has widened. 2. Hovnanian (HOV) downgraded to Sell from Neutral at MKM Partners wiht analyst Megan McGrath saying the large positive move up on the heels of its earnings report followed what she viewed as "only a mildly positive quarter." 3. Bojangles (BOJA) was downgraded to Hold from Buy at Jefferies while Wingstop (WING) and Shake Shack (SHAK) were downgraded to Underperform from Hold. 4. WWE (WWE) and Live Nation (LYV) were downgraded to Neutral from Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/29/17
WEDB
12/29/17
NO CHANGE
WEDB
Wedbush raises homebuilder price targets due to new tax bill
Wedbush analyst Jay McCanless increased his price targets on homebuilders by an average of 13.6% to reflect the potential impacts from the new tax bill, though he noted that his estimates and targets could need to be adjusted as companies begin reporting earnings giving specific tax guidance. He made the largest target increases to PulteGroup (PHM), Century Communities (CCS) and Taylor Morrison (TMHC), he noted. Other publicly traded companies in the space include Beazer Homes (BZH), CalAtlantic (CAA), D.R. Horton (DHI), Hovnanian (HOV), KB Home (KBH), Lennar (LEN), M.D.C. Holdings (MDC) and Toll Brothers (TOL).

TODAY'S FREE FLY STORIES

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FNWB

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FCX

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XLE

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IYR

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XLF

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SPDR Gold Trust

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SLV

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USO

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$14.15

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UNG

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HYG

iShares iBoxx $ High Yield Corporate Bond

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0.03 (0.04%)

LQD

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SHY

iShares 1-3 Year Treasury Bond

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XRX

Xerox

$25.10

-0.095 (-0.38%)

, FUJIY

Fujifilm

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Fujifilm

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STON

StoneMor Partners

$3.61

-0.015 (-0.41%)

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TEF

Telefonica

$8.70

0.07 (0.81%)

17:11
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Downgrade
Telefonica rating change at Goldman Sachs »

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SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

, USO

United States Oil Fund

$14.15

0.025 (0.18%)

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SPY

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USO

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GLD

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FXE

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CZWI

Citizens Community Bancorp

$14.15

(0.00%)

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Breaking Syndicate news story on Citizens Community Bancorp »

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PKD

Parker Drilling

$0.30

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RSLS

ReShape Lifesciences

$1.47

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BOX

Box

$26.13

-0.26 (-0.99%)

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ALDX

Aldeyra

$7.95

-0.15 (-1.85%)

16:53
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GLRE

Greenlight Capital Re

$14.00

-0.15 (-1.06%)

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RVI

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LECO

Lincoln Electric

$92.26

0.64 (0.70%)

, ROK

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KMX

CarMax

$77.15

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LOW

Lowe's

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16:30
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PFE

Pfizer

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JCP

J.C. Penney

$2.50

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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ASFI

Asta Funding

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-0.1 (-3.08%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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NYSE market internals summary »

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