Credit Suisse (CS) Downgrades Hovnanian (HOV)
Credit Suisse (NYSE: CS) downgraded Hovnanian (HOV) to Underperform from Neutral. Credit Suisse cites eroding equity value from Hovnanian’s write-downs and operating losses for the downgrade. Hovnanian has a price target of $2 on shares.
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Posted-In: Downgrades